When numbers don’t say what they ought to be saying it’s either an anomaly to be sorted out later or the beginning of a trend. The first two weeks of housing numbers have been out of the ordinary compared to last year.
The Million Dollar Home Buyer Has Woken Up, Dusted Himself Off and Is Ready To Open Up His Cheque Book
There have been six (6) sales during the first two weeks of residential homes over $1 million. A million dollar house sale isn’t an unusual occurrence in these parts except it took us until mid May last year to get to six and now we’ve reached that number while many agents are just getting back from Winter vacations.
There have been 62 sales so far this year compared to only 14 at this point in 2009 which isn’t that remarkable except be mindful that January buyers tend to be local in town types as opposed to Albertans (who come to town
later) who have traditionally pushed our prices higher. There are over 1,300 homes for sale right now.
As for condominiums there were 29 sales during the first two weeks of ’10 compared to 14 last year. There was 1 sale over $1 million which is encouraging for the high end market since we didn’t sell a million dollar condo until September 30th last year.
The Kelowna Market is changing and it is important to try to keep on top of the real estate market if you are buying or selling. As the saying goes ” Buy with knowledge and sell with confidence”
If you are wonder what the possibilities are for you in this market call Andrew for a Free Consultation