May 2011 I trust you’ve all recovered from the federal election and a round and a half of hockey playoffs.
The interesting MLS stat for Kelowna has to be that there have been 625 residential sales this year compared to 624 last year. Now that we’ve caught up I can’t imagine us falling behind last year’s pace. Even if we do, the second half of last year was so miserable we’re all but certain to have a better year in 2011.
There are currently 2,033 residential single family listings in Kelowna including 313 priced over $1 million and 295 priced under $400,000. There were 172 residential sales last month ranging in price from $230,000 to $2,725,000. April was a big month for high end homes with 8 properties selling over $1 million. This skewed the average sale price up considerably to $512,000.
April of last year was similar with 194 Kelowna homes selling for an average of $506,000.
The next few months are usually the most active in Kelowna so if you are considering selling it might be wise pick up the phone today to find out how much your property is worth.
We can deliver the comparable for your home within 24 hours and help you with tips to improve your chances of getting a quick offer for the highest price. Well kept homes with a few freshen up tips can create a much greater value in the eyes of today’s buyer. Even buyers who say they are looking for a “Fixer Upper” shy away from committing to a lot of renovations and are more likely to make an offer on a home that looks like it does not need as much work . Paint is still a homeowners best friend and a quick freshening up on the front entrance can go along way.
Until next week,