SPRING MARKET AHEAD!
Moving into spring, we are hopeful that activity will pick up as the weather improves and buyers are spurred by the drop in long-term mortgage rates. Considering that all aspects favor buyers, now is the time to get into the market while there is still a good selection of properties to choose from. Despite a declining inventory, prices remain stable with more balanced market conditions, and low interest rates continue to be available.
The competition for buyers can be a challenge for sellers so proper pricing remains critical. 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 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.
You constructive feedback is always welcome.
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Call us anytime and let our 36+ years of combined experience
in the Kelowna Real Estate Market work for you!