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North Okanagan Home Market Update January 30, 2023
Chris Holm & Associates
We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan. We are a true real estate co...
We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan. We are a true real estate co...
Homes in the North Okanagan
Chris shares the details you want to know on North Okanagan Home Sales from January 22th to January 29th, 2023.
What happened in
North Okanagan Home Sales January 22th to 29th, 2023
This information relates to the sale of Single Family homes only.
9 homes sold from January 22 to January 29th in the North Okanagan.
These homes sold in an average of 76 days, with an Average sale price of $761,500.
3 homes sold above asking, and the average days to sell was a low 33 days on market.
Buyers agents negotiated an average of $26,488 off of the list price to obtain a sales agreement.
The number of homes listed is 207 a slight increase over the month of January.
What does that mean?
For Potential Sellers - Inventory is still tight compared to historical levels. 8 out of 10 times in the past ten years, generally there were one third more homes to choose from. Lack of choice favours sellers.
For Prospective Buyers - Do not let the list price totally fool you. Many homes are still trying to find where the market is for their home. On average, sellers are accepting more off their asking price than over the past few years.
We hope you are enjoying these market updates. If you have any questions about the market or local real estate, please reach out.
We are here to help.