Market Updates November 2021 Market Update Click Here for: November 2021 – C21 Executives Newsletter
Market Updates October 2021 Market Update   STATUS QUO IN A SELLER’S MARKET WRITTEN BY BILL HUBBARD OWNER | BROKER This month the overall message is positive, with a little bit of caution peeking through the door. The market is cruising along just as we predicted. Perhaps a little better than we predicted. The absorption (percentage of total residential inventory that […]
Market Updates September 2021 Market Update   The phrase of the month for August of 2021 for the Okanagan Shuswap Real Estate market, is “Leveling off.” I hate to be a broken record, but this is what we expected. The insane market of the last two quarters of 2020 and the first two quarters of 2021 could not sustain itself and […]
Market Updates August 2021 Market Update   The market is progressing exactly in the direction that we anticipated. Things are settling down but not crashing. Think of the market in the last year as something like a Chicken Little scenario from the 1943 Disney Movie. For the last 6 months or a year the market has been running around with his hands […]
Market Updates July 2021 Market Update About 25 years ago we noticed trends that seemed predictable in the Real Estate Market. I had a theory about what was happening so I hired a wonderful lady who was a retired librarian to do some research for me to see if my theory was correct. We discovered that there are 5 statistics that are […]
Market Updates June 2021 Market Update There is an every so tiny crack in the foundation of the Real Estate market in the Okanagan Shuswap. Sales are actually down in the North Okanagan and the Central Okanagan. The Shuswap is about the same as last month. If you look back over the years there is almost always an increase in sales […]
Market Updates May 2021 Market Update   Sometimes the best way to make a point is to tell a story. One of our Realtors told a story recently of the pain experienced by some buyers she was working with. The buyers had lost a few deals by being out bid. In this particular offer they were not going to be outdone […]
Market Updates April 2021 Market Update   Imagine if the statistics in any given market are so off the charts that an experienced analyst says, “It must be a typo”. In March the absorption in the Central Okanagan was 99.76%. What that means is that in March virtually all houses that were on the market in the beginning of the month […]
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