Local real estate market showing vigour

Provincial real estate markets appear to be picking up, including local markets in the South Okanagan Similkameen.

  • Aug. 12, 2014 3:00 p.m.

Provincial real estate markets appear to be picking up, including local markets in the South Okanagan Similkameen.

For the first time in five years, multiple listing service residential sales are exceeding the 80,000 threshold.

Home sales rose sharply in the second quarter and some of the strongest gains in unit sales this year are expected in the Okanagan and Kootenay regions.

“The Similkameen market is picking up, not to say prices are,” reported Keremeos realtor Tuesday McDonald of Royal LePage Locations West Realty in Keremeos.

“More people are buying,  prices are good but they aren’t rising.”

McDonald said where not too long ago there were no buyers,  she’s now seeing “more action” in the market.

 

“Prices aren’t inflated, actually prices are good,” she said, “there are more sold signs out there, that’s for sure.”

In the local (Keremeos – Cawston and Olalla market, there have been 64 listings sold from January 1 to August 11 of the  year, compared to 36 units sold during the same period last year. There are presently 135 active listings in the area.

 

 

Just Posted

Motorcyclist medevaced to Kelowna after collision with deer near Apex Mountain Resort

Male suffered serious but not life-threatening injuries to his neck

First-time basketball tournament in Keremeos aims to bring community together

Registration deadline is Aug. 21, tourney happens on Aug. 24

Hawk chick that was cared for in the Okanagan euthanized

Public warned against keeping wildlife after hawk chick had to be euthanized

70 years of lifting: Canadian man, 85, could cinch weightlifting championship

The senior gym junkie is on track to win the World Masters Weightlifting championship

Okanagan filmmakers take top awards at Reel Peach Festival

Films submitted to the contest were shown over the five days of the Penticton Peach Festival

U16 B.C. fastpitch team named national champs

Girls went undefeated at national tournament in Calgary

Summerland’s downtown has gone through numerous changes

Main Street has been commercial hub of community for many years

Advocates ‘internationalize’ the fight to free Raif Badawi from Saudi prison

Raif Badawi was arrested on June 17, 2012, and was later sentenced to 1,000 lashes and 10 years in jail for his online criticism of Saudi clerics

Okanagan climate advocacy group protests against Tolko

Group to demonstrate outside Vernon head office Monday over plan to log close to water supply

Most Read