Friday, September 29, 2023 8:29:50 PM UTC
4 Ways To Shift Your Real Estate Marketing in Autumn

October has rolled in, but 2023 isn’t over yet. That said, if you’re looking for a business pivot, a new season is as good a time as any. Autumn is the season of change and renewal, after all. Here are some ways you can get your business into the Fall spirit, and even win you…

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Housing Affordability Worsens in Q3 2023

Housing affordability worsened in Q3 2023 due to rising mortgage rates—which have now surpassed 7%—and high home prices, along with other economic challenges. ATTOM’s Home Affordability Report for Q3 2023 found that median-priced single-family homes and condos are less affordable in the third quarter of 2023 compared to historical averages in 99 percent of counties…

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The October Issue of Real Estate Magazine Is Now Live

The October issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the five regional winners for RISMedia’s Real Estate Rookie of the Year and how they are surviving and thriving through current market challenges. In addition, we feature looks at United…

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Family-Owned Long Island Brokerage Joins Century 21

Century 21 Real Estate LLC. continues its expansion in New York state; Anchor Real Estate of Long Island, Inc. has affiliated with the brand and will now do business as CENTURY 21 Anchor Real Estate, the company has announced. The firm was founded in 2017 by the mother-daughter duo of Gina and Cristina Ferraro, Anchor…

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Florida Firm Joins RE/MAX

Florida firm Foxfire Realty, operated by Gene Boone and his grandson Own, has affiliated with the RE/MAX Brand; it is now operating as RE/MAX Foxfire, the company has announced. “We were completely blown away by the tools and technology and the culture of RE/MAX,” says Owen Boone, RE/MAX Foxfire vice president and director of operations.…

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Okanagan Market Update

Local Residential Real Estate Market Heading In The Right Direction

KELOWNA, B.C. – June 2nd, 2020. Residential sales across the region of Revelstoke to Peachland increased 95% totaling 446 units sold in May compared to April’s 299 unit yet remained down 42% from this time last year reports the Okanagan Mainline Real Estate Board (OMREB).


New residential listings also saw an uptick totaling 1,198, an increase of 49% compared to last month’s new listings. Overall active listings increased 9% over April’s inventory of 3,467 yet remained 16% lower than April 2019’s
inventory of 4,490.


“While we are still in the midst of a global pandemic it is encouraging to see that residential sales are moving at an upward trajectory,” says OMREB President Kim Heizmann, adding that “we are starting to see a return to real estate activity which looks promising for the future, however we remain cautious about predicting future outcomes as many economic factors will have impacts.”


“Virtual tours and alternative technological solutions have ensured that real estate transactions can continue to transpire responsibly.”


The average number of days to sell a home increased from 83 days to 91 days. It is important to note that OMREB reports on all market statistics for the entire Board region and that the indicators will vary depending on home type and sub-region.


Whether you are a buyer or a seller, it’s always a good idea to work with a REALTOR® who will protect your interests on such a significant financial transaction.


More info on the Okanagan Mainline Real Estate Board Here

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Categories:   Kelowna
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