Tagged : Salmon Arm Real Estate Market

Found 2 blog entries tagged as "Salmon Arm Real Estate Market".

 Like the difference from summer to autumn, the real estate forecast for Salmon Arm and the Shuswap has cooled as seasonal change affects both the weather and the real estate market.

The real estate market generally cools off in the fall, and, so far this year, it's cooled off ever so slightly in the Sushwap area.

For the area from Revelstoke to Salmon Arm and the Shuswap regiion, a total of  142 units were sold in September, down from 161 in August. Of those sales, 53 were residential. And those residential sales are also down 19 units from August's sales.

In terms of home prices on single-family homes and acreages in Salmon Arm and the Shuswap for September, the average selling price was $523,530, down ever so slightly from August's average

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Looks like a good time to act if you're thinking of selling your home or condo in the Salmon Arm and Okanagan regions.

The latest real estate market statistics report (for March) released by the Okanagan Mainline Real Estate Board (which includes the Shuswap and Salmon Arm areas), show that inventory is very low across the area.

That means it's a seller's market right now. And it's spring, the time of year when many people look to purchase a new home or property.

According to the OMREB, the inventory level is 37% lower than it was at this time last year.

“While sales volumes and other indicators are reflective of this time last year, our market continues to be hampered by a lack of properties for sale,” said Tanis Read, the

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