Monday, 18 May 2015

Lumby Days at RE/MAX

Great Fun at RE/MAX as Lumby Days approach!

The Real Estate Agents and staff at RE/MAX Lumby are preparing their parade float.  This year’s theme of “It’s Movie Time” has them busy making stars and clapper boards and searching for costumes.  Lumby Days kicks off at the Friday, June 12 Midway and ends on Sunday.   Check out the calendar below for all to do and see.  Don’t miss it!
If you are looking for real estate in Lumby, call the professionals at RE/MAX today!

Thursday, 14 May 2015

Hottest April for Home Sales in a Decade

Vancouver, BC – May 14, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 9,952 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, up 28.7 per cent from the same month last year. Total sales dollar volume was $6.3 billion, a 45.5 per cent increase in comparison to the previous year. The average MLS® residential price in the province rose to $634,744, a 13 per cent increase since last April.

“Last month was the strongest April for home sales in a decade,” said Cameron Muir, BCREA Chief Economist. “The elevated level of buying activity this spring is now expected to push 2015 home sales to their highest level since 2007.”

“Consumers are taking full advantage of rock bottom interest rates and are demonstrating significant confidence in the housing market,” added Muir. “However, dwindling inventories combined with competition for detached homes in the province`s large urban markets is pushing home prices higher.”

During the first four months of 2015, BC residential sales dollar volume rose 37.1 per cent to
$19 billion, when compared with the same period in 2014. Residential unit sales increased by
24.5 per cent to 30,091 units, while the average MLS® residential price rose 10.1 per cent to $631,860. 

For the complete news release, including detailed statistics, click here.

Thursday, 7 May 2015

#Okanagan #Shuswap Housing Market Strong and Steady in April!

Okanagan-Shuswap Housing Market Strong and Steady in April 

Kelowna, BC – The Okanagan Mainline Real Estate Board (OMREB) reported April 2015 sales activity of all MLS® property types improved 10% compared to the same month in 2014 and saw a 13% improvement year-to-date over this time last year (January through April). “Driven by confident local buyers, April home sales in the Okanagan-Shuswap were robust as the market continued at a strong and steady pace – following the rising trend in most BC markets where activity is being fuelled by pent-up demand,” says Christopher Miller, OMREB President and active REALTOR® in the Central Okanagan. “As demand grows, days on market for all property types in our Board area continues to improve, and is now at 96 days on average compared to 103 in March, and 125 days to sell last year at this time. This news is encouraging for home owners who are looking to list and sell in a more timely fashion.”

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