Real estate sales strongThe Okanagan Mainline Real Estate Board reports that June sales across the entire region were up 28 per cent compared to the same month in 2013. Monclerjacketscanada These are the strongest unit sales for June since 2007.”After six months of steady growth in sales, http://www.monclerjacketscanada.nu the Okanagan Shuswap housing market is experiencing a rebound in consumer demand and has moved firmly into balanced conditions,” said Darcy Griffiths, OMREB president.”We are seeing more listings than in 2013, but not enough to keep up with the demand in some segments as sales have increased more than inventory. https://en.wikipedia.org/wiki/Moncler So if you are looking to sell, now is the time to do it,” said Griffiths.”With the drop in active listings, the selection of entry level home choices has been significantly reduced, Moncler Jackets Canada and some buyers are viewing properties in a higher price range to find better inventory.”
The Shuswap led the way in June with a 46 per cent improvement in overall sales over June 2013, compared to 28 per cent in the North Okanagan, and 26 per cent in the Central Okanagan.Monclerjacketscanada The Shuswap also saw a 43 per cent rise in single family residential sales, compared to 27 per cent in the north zone and 14 per cent in the central zone, where there was an 81 per cent improvement in townhouse sales and 49 per cent in condo sales.” http://www.monclerjacketscanada.nu Conditions in the North and Central Okanagan are now balanced and on the margin of a seller’s market with more demand than supply in some areas,” said Griffiths.Real estate sales climb in JulyThe North Okanagan’s real estate industry has experienced a significant surge.In July, there were 224 units sold, Moncler Jackets Sale a 55.6 per cent increase from 144 units during the same month in 2013.
“Renewed consumer confidence has boosted demand as buyers return to mid and higher end homes, and sellers who had given up are trying again with more success,” Monclerjacketscanada said Darcy Griffiths, Okanagan Mainline Real Estate Board president.Total residential sales for the month were up 56.3 per cent over last year, with 200 units sold compared to 128.There were 114 single family home sales in July, up 56.2 per cent compared to 73 in July 2013.”With strong prices, high demand and low inventory, there is more opportunity for sellers who wish to list and take advantage of the window of opportunity to sell before winter sets in,” http://www.monclerjacketscanada.nu said Griffiths.”On the other hand, with the price of single family homes fairly stable in most areas, and mortgage rates remaining at historic lows, there are tremendous opportunities for buyers to get into the market before the possibility of rates rising as the economy and employment further improve going into 2015.”While the 369 new listings taken for the month were up 7.3 per cent from the 2013 level of 344, Moncler Jackets Cheap inventory for July saw a 9.9 per cent dip to 2,260 from 2,507 last year.