SPRING MARKET IS HERE!
Sales statistics for the first four months of 2014 indicate recovery is well underway with rising consumer demand and balanced conditions emerging. With prices remaining stable and record low interest rates still available, Buyers who have been sitting on the fence may be poised to enter the market, while Sellers will be listing homes with more confidence.
With the drop in active listings, Buyers could be looking harder to find homes and may need to view properties in a higher price range to find similar value as the selection of entry level choices has been pickedover. And, despite more balanced market conditions, the competition for Buyers can still be a challenge for Sellers if their properties are not priced well.
Market conscious and competitive home Sellers are sharpening their pencils and seeing results. Being realistic about the market value of your home, setting an attractive list price right out of the gate and be willing to negotiate for the best offer are the keys to a successful sale.
Are you interested in what is happening in your neighborhood?
Contact us and we will set you up on your very own Neighborhood Market Watch. Once a month you will get a list of your neighbor’s houses complete with picture and specs detailing their MLS® List Price or if they Sold, the Sold Price.
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Thank you for taking the time to read this months Stats. Your constructive feedback is always welcome. Whether you are thinking of buying or selling or just want to say ‘Hi’, we would love to hear from you! Call us anytime and let our 36+ years of combined experience in the Kelowna Real Estate Market work for you!