Selling your Home in a Buyer's Market - From the Desk of Rod O'Keefe
In the picturesque city of Vernon, BC the real estate market has seen a gradual decline in pricing, ranging from 4% to 9%, contingent upon the neighborhood, property type, and price range. However, it's essential to note that this decrease does not signify a departure of potential buyers from the market; rather, it has ushered in a unique opportunity for those in search of a new home – a buyer's market in Vernon, BC real estate.
Selling your North Okanagan home now is still very good while the fall market is likely to get tougher, so focus on what is best for you and your family now, whether you are an Okanagan home buyer or seller, and put last year's anomaly out of the equation and your mind.
AND the good weather is finally here to stay! Fingers crossed. Here is our internal poll of the best beaches and who is going to them…
Buyers sitting on the sidelines waiting for the crash will only miss out as interest rates rise and the cost of buying rises while home prices here in Vernon stay strong with low supply and a strong job market.