Record construction in BC

Here is a great media release from BCREA

For the complete news release, including detailed statistics, click here. For immediate release Record Home Sales Creates Wave of New Home Construction Vancouver, BC – June 15, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 13,458 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, up 32.3 per cent from the same month last year. Home sales last month exceeded April’s record of 12,969 units. Total sales dollar volume was $9.72 billion in May, up 51.1 per cent compared to the previous year. The average MLS® residential price in the province was up 14.2 per cent year-over-year, to $722,146. “Record housing demand and dwindling inventories are continuing to push home prices higher in most BC regions,” said Cameron Muir, BCREA Chief Economist. “Total active residential listings across the province are nearly 30 per cent lower than twelve months ago.“ “New home construction activity is at a near record pace in the province,” added Muir. In the Metro Vancouver market, a record number of homes are now under construction. “Once the current crop of homes are ready for occupancy there will likely be more selection for home buyers and less upward pressure on home prices." Year-to-date, BC residential sales dollar volume increased 62 per cent to $41 billion, when compared with the same period in 2015. Residential unit sales climbed by 35.2 per cent to 54,455 units, while the average MLS® residential price was up 19 per cent to $752,105. -30- http://sallysellskelownahomes.ca

I recently listed a home for sale in Black Mountain area in Kelowna - check out the video

Black Mountain Kelowna is a very desirable area and I have been fortunate to list the awesome single family house. Check it out and feel free to contact me at 250 864 7548 to book an appointment or you can email me, Sally@ColdwellBanker.ca



I look forward to talking soon and please enjoy the video



 



​Thanks for watching :)

Why people fall in love with Kelowna

So many times I meet people who came here once for a vacation, fell in love with the area and then decided to move here.



While it always difficult to explain why, this great Tourism Kelowna video does a good job of telling the story!







Enjoy

Are Kelowna house prices increasing?

Check out my latest article here and find out for yourself:

http://sallysellskelownahomes.ca/wp/2016/06/04/kelowna-home-prices-increasing/

Mum and Dad still the biggest source of financing for home buying

History repeats itself...

http://www.theglobeandmail.com/featured-reports/bank-of-mom-and-dad-sees-more-withdrawals/article30163201/



http://sallysellskelownahomes.ca

 

One very important reason to always use a professional REALTOR®

http://infotel.ca/newsitem/calgary-man-facing-jail-for-selling-real-estate-without-a-licence-now-living-in-kelowna/it30742



http://sallysellskelownahomes.ca

Do you have $20MM sitting around?

That is what it will cost you to get hold of Kelowna's most expensive home:

https://www.kelownanow.com/watercooler/news/news/Kelowna/16/05/06/Kelowna_s_priciest_real_estate_will_set_you_back_20_million/



http://sallysellskelownahomes.ca