FEBRUARY REAL ESTATE UPDATE
The weather and the real estate market were both warm for January 2014.
We saw an almost 6% rise in Single family home sales and a decrease of over 11% in new listings. This theme was consistent for 2013 and is expected to continue for 2014 and beyond.
What does this mean for Kelowna Real Estate? It means we are now seeing a balanced market, and that buyer's confidence has returned. Sellers can now feel confident that their home will sell within their desired timeframe (when priced at the market).
Both Alberta and Vancouver are seeing healthy growth and sales, with many people looking to move to Kelowna and/or to purchase vacation homes.
Sellers:
The buyers who are in the market in February are serious buyers ready to make a quick purchase. Take advantage of these buyers before your yard maintenance starts.
Buyers:
Sellers may be willing to negotiate a better deal now if they have been sitting on the market over winter. Sellers are also looking to make a sale before the major spring yard maintenance jobs start.
If you are thinking of buying or selling in the Okanagan, I would love to work with you to make your move.
Tiffany Munsey
tmunsey@coldwellbanker.ca
www.tiffanymunsey.com
778-214-4843
