Found 4 blog entries tagged as Shuswap Real Estate.

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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Salmon Arm Seller's Market real estateSuffice 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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Many people who own a home in the Shuswap Lake area use it as a vacation home or rent it out during the summer months to holiday makers. Naturally your vacation home or cabin is a big investment, so it's important to take good care of it and follow some basic maintenance tips for when the home is empty. The last thing you want is to leave it for a few months only to return and find your water pipes are broken and your home is flooded.

1. Shut Off and Drain All Water

This step is essential. And make sure the power is turned off. Turn off the main water valve, then turn on all your taps to drain excess water from the pipes so it doesn't freeze during a deep, cold snap. Also drain your dishwasher and washing machine, as well as the water heater. And…

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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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