by Joel Ellams | Aug 7, 2018 | Economy
KELOWNA, B.C. – August 2nd, 2018. Residential sales across the region of Revelstoke to Peachland moderated slightly in July, with 742 sales posted to the Multiple Listing Service (MSL®), down 7% from June, yet 23% lower than this time last year reports the Okanagan...
by Joel Ellams | Jul 29, 2018 | Economy
What does a “soft Correction” Mean? It means that we still have a pretty good market but it is definitely slowing down. At Century 21 Executives we watch 5 different statistics that have shown over the last 30 years to very accurately predict what is...
by Joel Ellams | Jul 27, 2018 | Economy
The absorption is the percentage of Real Estate inventory that sells on a monthly basis. For instance, if there are 1000 houses on the market in the Okanagan Shuswap in June and 100 of them sell in June then the absorption is 10%. The reason the absorption is so...
by Joel Ellams | Jul 4, 2018 | Economy
KELOWNA, B.C. – July 4, 2018. June residential sales across the region of Revelstoke to Peachland continued a downward trend with 799 sales, a slight drop from May but 22% lower than this time last year, reports the Okanagan Mainline Real Estate Board (OMREB). “This...
by Joel Ellams | Jun 6, 2018 | Economy
KELOWNA, B.C. – June 5, 2018. The volume of May home sales across the region of Revelstoke to Peachland contrasted sharply with this time last year, with 817 homes sold, a slight uptick from April but down 28% over this time last year, reports the Okanagan Mainline...
