It's no secret that the 2016 South Okanagan real estate market set all sorts of sales records. By the midway point of 2016, there was already a 31% increase in total number of sales from June of 2015 coupled with a 12% increase in the average residential sale price compared to the same period. If we compare the numbers to 2014, the market saw even larger gains over two years.
2017 is not going to be any different. It is going to be the year everyone wins. Even with changes to mortgage qualifications and new foreign buyer rules in Vancouver, 2017 in the South Okanagan will undoubtedly still be a strong market. (If you have your doubts, we are more than happy to talk further with you about our rationale.)
What you need to be aware of is that, considering the speed of the real estate market in 2016, those serious about buying and selling in 2017 need to start their process early. If you are a seller, you don't want to miss the chance to get your home on the market at the right time. If you are a buyer, waiting on the results of your pre-approval while that perfect home gets scooped up by someone else is going to be hard to stomach.
Fill out our form to the left. There are no obligations. Let's just start a conversation about your goals for 2017 and how we can help you accomplish them.
If you are even just thinking about buying or selling in 2017, feel free to fill out our form to the left. You'd be surprised by what has changed since the last time you bought a home -- or if you are a rookie, we'll make sure you get all those boxes checked off before you fall in love with that first home.