Selling your home over Christmas

Photo: Contributed

There are 1,180 residential homes on the market in Kelowna today and there were 84 sales over the first two weeks of December.  Average sale price was a reasonably impressive $460,000 considering the absence of the out of town buyer this time of year.  Thirty-three apartment condominiums have sold at the halfway point in December.  I know two weeks doesn’t really mean all that much when looking at overall pictures of a housing market but sellers are realizing that houses can be sold during the winter months in Kelowna.   With under 400 homes for sale priced under $500,000 there isn’t a whole lot of competition this time of year and if priced right there are buyers out looking.  Eighty-four of them over the past two weeks!   Regardless of the season, school calendar, weather or highway conditions, if someone needs to buy a house it becomes their only priority and a lot of transactions happen with Christmas music playing in the background. To view homes available click here.

The early  numbers are telling us that it could be the busiest December in ten years. We are running low on affordably priced homes but this always changes as we approach spring.  If you’re reading this and are considering selling your home next year you really should pause for a moment and consider pushing that date forward.  Yes, it’s more inconvenient dealing with strangers looking at your home during holidays but uncompromising laws of supply and demand are telling us that supply is low right now.  Consider yourself nudged.

I hope you’re enjoying this special time of year spending it with family or friends (or better, somewhere tropical). 

Best wishes in the New Year!

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.