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Rom’s June 2023 Real Estate Market Opinion
Okanagan Market Prediction Okanagan Real Estate Market I hope you are having a fantastic summer and staying cool in this heat! The real estate market in the Kelowna area is remaining strong and steady. Average absorption is rising and in some areas of the Okanagan, has passed the 30% mark. That tells us that the […]
Continue readingRom’s May 2023 Real Estate Market Opinion
Okanagan Market Prediction Market on the Rise When interest rates stopped rising and leveled-off, we changed our predictions to a slow gradual increase over the balance of this year. That was contradictory to a lot of opinions that were more negative. It appears we may have been a bit light in our optimism. The market […]
Continue readingRom’s April 2023 Real Estate Opinion
Okanagan Market Prediction Cruising along The market is cruising along as we expected it would once the interest rates levelled off. Absorption is rising and is now above 20%. Prices are starting to inch up as well. Sales activity is still lower than normal when you compare April 2023 to April 2022. The reason for […]
Continue readingRom’s Feb 2023 Real Estate Opinion
Okanagan Market Prediction Light at the end of the tunnel As we predicted last month, we see some fairly positive light at the end of the tunnel in the real estate market in the interior of British Columbia. This light is coming from 2 directions. Generally, the spring market in real estate starts when the […]
Continue readingRom’s Jan 2023 Real Estate Opinion
Okanagan Market Prediction It’s a new year! I hope your 2023 has started off on a positive note! The big real estate stories for January 2023 are the absorption rate and the number of sales. Absorption Rate The absorption rate is down for the Central Okanagan zone encompassing Kelowna and surrounding areas. It is down […]
Continue readingShould You Buy or Wait?
It is hard to believe January is already over. Is it my age, or is everyone feeling the time is going by faster? As the market is slower everywhere it is important to reach out to Buyers. Buyers have the impression not to buy or do the wait and see approach… sitting on the fence. […]
Continue readingRom’s Dec 2022 Real Estate Opinion
Okanagan Market Prediction The Year 2022 2022 was a whirlwind of a year. In the first quarter of 2022 our prices rose, our absorption was through the roof and sales were record highs. After that it’s been mostly downhill. By the second quarter of 2022, prices dropped an average of 10 to 15%. Then they […]
Continue readingTax Fighter Guide for HomeOwners
Tax Fighter Guide for the Homeowner Here is your guide to appealing your property assessment notice. Pay your fair share of property taxes and not a penny more! Click the TaxFighter link below: TaxFighterPDF
Continue readingRom’s Nov 2022 Real Estate Opinion
Okanagan Market Prediction The month of November is following in the tracks that we expected it to. The first quarter of 2022 saw a huge price increase. The second quarter saw a 10 to 15% price drop. Past to Present November Since then it’s been flat as a pancake. Prices and absorption have stabilized for the last […]
Continue readingRom’s Oct 2022 Real Estate Opinion
Okanagan Market Prediction The market in the Okanagan for October is responding pretty much the way we anticipated. It continues to “Stabilize” or flatten out. We are starting to experience the seasonal slowdown that we experience every year at this time. However, sales are down compared to last October. Past to Present October We need […]
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