OMREB stats show that Residential sales are still up over 2015 sales. However Residential home listings are down by 30% over 2015. Visit: http://omreb.com to view the full Central Okanagan board statistics.
If you're thinking about a significant change in your home decor, consider dedicating a portion of your budget to a major furnishing that offers strong visual interest, plus the potential to improve or hold its value over time. With luxury items considered discretionary purchases, many antiques and artists' originals are maybe selling for much less. That creates an opportunity for an astute buyer to purchase a compelling item that can maintained its resale value, while also fulfilling its role as a central decor piece. Although you will need a good eye to recognize such an investment, a wealth of guidance is available for beginners from reputable dealers and collectors. Whether you fancy a modern painting, an antique sculpture or a rare vase, experts say you should pay for the highest quality you can afford, keep it in top condition, and get it insured. Above all, it is imperative that you truly love any collectible you buy, so you can enjoy it for as long as it takes to appreciate.
And the news is good! For the 9th consecutive month Residential sales are up over 2015 sales. We also have a year to date total of 2,697 residential sales, this is higher than the total residential sales in 2015 which were 2,695 and still have 3 months of sales. With inventory low, it is a great time to list your home.