Thrive Okanagan Real Estate Team

Office: 250-503-3487 |

THE REAL ESTATE MARKET IN THE NORTH OKANAGA

Firstly, our thoughts are with Ukraine and the devastation that is being experienced. We can't imagine what it could look like to live through these times there and we pray that peace will be over those people and that this will end very soon.  If you have loved ones over there or have ties please know that you are in our thoughts. 


Just let me catch my breath as I sit down for a few moments to bring you all up to date on your Real Estate market in the North Okanagan.   Wow! It's been active to say the least! Our market is finally showing some signs of the listings starting to become more regular. Overall the buyer activity on homes is still outpacing the volume of listings thus keeping the market tipped in favor of the Sellers right now. When listing you can typically anticipate a flurry of activity once you are on the MLS. In a sellers market it is so important that agents pay close attention to new opportunities for buyers that they are watching the market for. It is important to be educated on what homes in your target market are selling for and being listed at as well as being able to get through any home fairly quickly. 


Where do we see this all going? Well with rates on the rise.... you would think they were going to rocket to space with the media spin. However with talking with several brokers in the area we are expecting rates to rise but they will still be in a very low rate area for a mortgage.... dare we say "normal"? With uncertainty around the globe right now we anticipate that we will see the market calm marginally but likely not to a pace where we would shift to a buyers or strong balance market. Inventory of home is still far below these market tipping points. 

As with everything it is important to seek a professional in Real Estate to guide you on the choices that you are thinking whether it be buying or selling right now, Thrive Okanagan Real Estate Team is a full TEAM of agents that are excited to talk with you about your specific needs. Tailoring the process to you is what we are all about. Setting a goal for you whether it is in 30 days, 3 months or 2 years. 


Never hesitate to reach out to us! We love Coffee!

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.