GREG’S MOMENTUM METER October 2023 Market Update What’s happening in the fall market? “Typically the fall market starts to pick up momentum in September,” AIR president Chelsea Mann said in a press release. “However, sales activity for the month suggests that the weight of high interest rates continues to bog down both buyers and sellers. […]
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GREG TALKS Bringing you important insight to our real estate market, driven by years of experience and proven success in any market. October is Stats Month! It’s October, and we find ourselves navigating uncertain times in the real estate market. Our intention isn’t to sow fear but rather to provide guidance for your real estate
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GREG’S MOMENTUM METER September 2023 Market Update In the South Okanagan, August has a history of being a slower month for real estate. When we look at the numbers, we see that this August is quite similar to the same time last year in terms of the number of homes sold. However, there’s a significant
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GREG TALKS Bringing you important insight to our real estate market, driven by years of experience and proven success in any market. No Housing Shortage Relief in Sight The Okanagan area has seen a major decrease in the number of permits issued for building projects. In the first seven months of this year, there was
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GREG TALKS Bringing you important insight to our real estate market, driven by years of experience and proven success in any market. What is happening in our community? Recently, there have been talks in the RDOS to change our large residential property zoning to include a mobile home as an accessory dwelling. There is a
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GREG’S MOMENTUM METER August 2023 Market Update The momentum meter indicates that the number of sold properties for July 2022 and July 2023 remains steady month over month. However, there is a notable 23% increase in inventory during the same period. The inventory level has reached its highest point in the last 2 years. As
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GREG TALKS Bringing you important insight to our real estate market, driven by years of experience and proven success in any market. What are the best home renovations to maximize value? We dove into some research this month to help you make informed decisions about home renovations that can maximize the value of your property.
July 2023: “Best Home Renovations to Maximize Value?” Read More »
GREG’S MOMENTUM METER July 2023 Market Update Our Market Momentum Meter now indicates a consistent trend, revealing a balanced market in the South Okanagan with equal opportunities for buyers and sellers. This comes as a relief after experiencing unpredictable market shifts and a persistent shortage of available properties. Despite the limited inventory, the current market
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GREG TALKS Bringing you important insight to our real estate market, driven by years of experience and proven success in any market. Is New Construction Right for You? Pros and Cons to Consider Are you considering purchasing a new construction property? While the idea of owning a brand-new home is appealing, it’s important to weigh
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GREG’S MOMENTUM METER June 2023 Market Update As anticipated, spring has brought an increase in activity, resulting in the highest inventory levels since 2019. The market remains balanced with a healthy number of sales. However, our team has faced challenges in predicting sales prices due to the wide range and inconsistency in the market. This
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