Real Estate Market Update
and resources you need to help you sell your home quickly and successfully.
The BCREA just released the latest statistics for real estate in BC. In 2017 there were 103,763 residential unit sales recorded on MLS. This shows a 7.5% decline over last years sales of 112,211. The average residential price in BC rose by 2.7% in 2017 to $709,579.
"Above trend migration, both international and interprovincial, also bolstered housing demand, while broader demographic fundamentals added fuel to condominium sales in urban centres and to all home types in retirement-oriented communities." Cameron Muir, BCREA Chief Economist
December in the North Okanagan
Active Listings = 1,012 ⬇ 10.92% over last year
Average Residential Price = $496,691 ⬆ 15.71% over last years price of $429,258
December in the Shuswap/Revelstoke Area
Active Listings = 669 ⬇ 17.61% over last year
Average Residential Price = $390,523 ⬆ 5.58% over last years price of $369,900
December in the Central Okanagan
Active Listings = 1,891 ⬆ 2.72% over last year
Average Residential Price = $696,650 ⬆ 12.61% over last years price of $618,631
Our RE/MAX agents have the expertise and resources you need to help you buy or sell a home quickly and successfully.If you are looking to buy or sell, we would love to help!