Royal LePage Access Real Estate Blog - Salmon Arm real estate

Stunning Salmon Arm Home has Everything

 There is only one word to describe this Salmon Arm home: Stunning.

This four bedroom, four bathroom, custom-built home was featured in Jenish Homes & Design Magazine  and everything in it is perfectly designed and thought out. It's situated on a cul de sac in a quiet southeast neighborhood with glorious mountain views.

When you step inside, you're greeted with gleaming maple hardwood floors leading into the open living room, dining and kitchen areas. The living room features a custom built stonework fireplace (two-sided) that will help keep you warm in the winter.  

The kitchen is a dream with high-end stainless steel appliances, including a natural gas range and plenty of cupboard space.

Upstairs you'll find three bedrooms, including the…

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Despite Slow July Market, Homes Sales Up Slightly in Salmon Arm Region

Not surprisingly, the real estate market in the Okanagan dipped a bit in July, but home sales usually slow down during the lazy, hazy days of summer. However there was a slight uptick in Salmon Arm over July 2016.

The latest report (which includes the area from Revelstoke to Peachland) from the Okanagan Mainline Real Estate Board shows home sales were down 6% in July from the previous month. A total of 961 homes, condos and townhomes changed hands last month. That's also 2% less than in July 2016, but is certainly par for the course given the time of year.

“While sales activity typically slows over the summer months—with this July no exception—pricing and days on market continue to show strong demand for available housing supply,” said OMREB…

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Home Sales Up Across Shuswap & Okanagan Regions in May

Suffice it to say, May was a busy month for real estate in the Salmon Arm/Shuswap areas, as well as the greater Okanagan region.

According to the Okanagan Mainline Real Estate Board (OMREB) report for last month's real estate statistics, home sales in the entire area were up 38% from April with 1,132 units sold. In the Salmon Arm/Shuswap area (which includes Revelstoke), single-family homes sales were up 8.22%, while the number of townhome sales jumped 61%.

In addition to more homes changing ownership, prices remain higher across the Shuswap region.

Last month, the average price for a single-family home was $440,089. That's up 15.76%. As has been the case this spring, inventory levels are down, especially for the townhome market, which saw a…

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Home Prices Up 15% from 2016 in Shuswap/Revelstoke Region

It was a pretty solid month of April for home sellers in Salmon Arm and the Shuswap area as home prices are up on a year-over-year basis.

According to the latest numbers from the Okanagan Mainline Real Estate Board, the median price of a single family home was $393,500 in April, up 15.44% from April last year. There were less homes sold, however, than in April 2016 after 42 units changed hands compared to 51 last April. The average home selling price last month was $393,126.

And townhouse prices have really skyrocketed as well. In April the median sale price was $305,000, up a staggering 40% from April 2016 ($217,500). A total of 18 townhouses sold this past April.

interestingly, the cost to purchase a condo went down 28.71% for a median price of…

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FIve Key Tips To Sell Your Home Faster In A Buyer's Market

When it comes to selling your home, there are many things you can and should do to maximize the return you'll get, while setting yourself apart from the competition found in a buyer's market. These are five of the important things to consider when you're ready to list your house, whether it's in Salmon Arm or anywhere else.

1. Get Your Home Ready To Show

This is essential because you only have one chance to make a good first impression. Your home has to look great to prospective buyers, both inside and out. Things you can do to get your home ready for showings include decluttering, give it a thorough cleaning and get the carpets shampooed if you have pets or dirty rugs. Repair and paint any holes or knicks on the walls and woodwork. It's also…

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Salmon Arm Real Estate Market Picks Up in February

Home sales picked up in the Shuswap and Okanagan regions last month, while home prices are up on a year over year basis.

The Okanagan Mainline Real Estate Board (OMREB) stats for February show 520 homes were sold in February, an increase of 167 units over January’s 353 sales for the area covering Revelstoke to Peachland.

Homes are also selling faster with the average days on market (how long it takes to sell a home) at 87, representing a shorter timeframe from the 96 days it took to sell a home in January and last February’s 98 days.

While homes are selling more quickly, they are also fetching better prices with a 9% increase in February over January and a significant 13% hike over the same time as last year. The average home price in the region…

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