The question has been asked many times - do you need a realtor to represent you for a new home purchase? The answer is a resounding no. Let’s take a look at a typical example: purchasing a new condominium in a new project that is now under construction with an occupancy date approximately one year away. In most of these cases, the developer or builder of the project has hired a marketing company or have...
The typical scenario for a resale (another person’s or used) home involves researching active listings via internet, signage, realtors, realtor websites, open houses etc. followed by viewings and offers through a buyer/listing realtor. Purchasing a new home is significantly different, particularly a pre-sale new home. When you buy a new home (completed by the builder but not lived in by anyone else), it...
Much has been reported about the resale residential housing market in the Central Okanagan; inventory is down, sales are increasing and prices are rising. To put this into perspective, today’s inventory levels are lower than they were at the still height of the market in 2007 with sales closing in on similar levels and prices higher than they were back then. This is all great for the resale market but...
Welcome to 2015! The resale market turn-around is complete which will lead to more opportunities in new homes. There are significant signals throughout the Okanagan indicating this continued upward trend, namely; reduced inventory leading to a more competitive selling environment, a dramatic increase in sales activity and price increases in all housing sectors. The following statistical information (MLS...
Further to the article “Optimistic outlook helps fuel real estate market resurgence” dated Friday August 1, 2014 in the Capital News, it is noted within the article that “condos have yet to make a comeback”. This statement is not entirely true and I would like to assert that there is indeed resurgence in the condominium market. Tactx Project Sales & Marketing Inc. has been involved in two...
This is traditionally the time of year for market optimism and without sounding rather cliché, there is some real statistical back-up to make you think that we've really turned the corner. 2013 turned out to be a banner year on both the resale as well as new home sectors. The fundamental key MLS indicators of inventory levels, sales and prices all show significant signs of market recovery. Although...