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Local Sales Summary to September, 2016

Here is a snapshot of our local market activity up to the end of September 2016 for Nelson City detached homes and Nelson Rural detached homes. For comparison, I have included the numbers for the same period from last year. As you can see, year-to-date the price trend continues to indicate increases in average prices both in the city and rurally around Nelson. Things are selling faster and the sales price to original listing price is tightening. There's a lot more to know beyond these simple metrics, so please feel free to contact me if you would like to know more about these stats and trends and how this may be affecting your property value and/or your purchasing options. Good time to buy a

FOR SALE: Updated and Spacious 3 Bedroom Townhome

Spacious 3 bedroom, 2 bath home in the Mountain View Townhome complex. This very quiet north-east facing unit has great views and a surprising amount of privacy overlooking the grassy common grounds of the complex. Upgraded oak flooring, newer windows and nice finishes make this home absolutely move-in ready. A great location close to the skate park, Granite Point Golf Course, Selkirk College and Rosemont Elementary School. Rentals are allowed in this complex if you are looking for an investment property. This is definitely a must-see for those seeking spacious affordable living in the city. 409 West Richards Street, Nelson, BC Price: $229,000 MLS# 2414007 More photos/information

LET'S TAKE A VOTE!

Old vs. New My new signs have come in!! Let's vote on which one is better! Leave a comment on my facebook page indicating which one you like (old on the left, new on the right). I will post the results at the end of the week! Cheers! Click here to comment

Kootenay home sales post strong year-over-year gain in September

“2016 will be a nine-year high for home sales in the region, and the strong monthly sales figures that began back in February have yet to slow signs of slowing,” said Barry Benson, President of the Kootenay Real Estate Board. “While new listings are in tight supply relative to demand right now, and active supply continues to trend constructively down, there has still been a healthy enough amount inventory out there to keep prices mostly stable again this year.” New residential listings numbered 349 units in September 2016. This was down 4.9 per cent year-over-year, this marks the lowest number of September listings since 2000. Click here for full article

JUST SOLD - Another happy client!

TESTIMONIAL: "Thank you John for the phenomenal job and extra effort you placed in selling my condo and the purchase of my new home! We had a great time and a lot of fun in that adventure!!! No move is stress free, but you made it an adventure I will never forget! Thank you for the extra effort in making the process go so smooth". - Dave

Tip No. 9 - How to Prepare Your Home for Sale

​Go outside and open your front door. Stand there. Do you want to go inside? Does the house welcome you? Linger in the doorway of every single room and imagine how your house will look to a buyer. Examine carefully how furniture is arranged and move pieces around until it makes sense. Make sure window coverings hang level Tune in to the room's statement and its emotional pull. Does it have impact and pizzazz? Does it look like nobody lives in this house? Click here for more tips on How to Prepare Your Home for Sale

JUST SOLD! 516 Mill Street, Nelson, BC

Three bedroom, 2 bathroom heritage home sitting proudly on a double lot on Mill Street only blocks from downtown Nelson. 516 Mill Street, Nelson, BC Price: $399,000 MLS# 2415795 More photos/information

OCTOBER REAL ESTATE UPDATE - BC Home Sales Reflect Regional Demand Variations

The British Columbia Real Estate Association (BCREA) reports that 7,591 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, down 11.2 per cent from the same month last year. Total sales dollar volume was $4.45 billion in September, down 14.1 per cent compared to the previous year. The average MLS® residential price in the province was $585,844, a decline of 3.2 per cent compared to the same month last year. “Housing demand in the province continued to trend lower in September," said Cameron Muir, BCREA Chief Economist. "While Vancouver, Fraser Valley and the North experienced year-over-year declines last month, the rest of the province posted an increas

Moving Toward Housing Affordability?

Following more than a year of intense public discussions about housing affordability, senior governments have made significant policy shifts in recent weeks. And more is expected in November when, after months of consultations all across the country, the federal government is expected to announce its National Housing Strategy. For now, here's an overview of BCREA's responses to actions taken to date BC Foreign Buyers' Tax (FBT) On August 2, the BC Government implemented a 15 per cent Property Transfer Tax (PTT) on foreign buyers and corporations buying homes in the Greater Vancouver Regional District. The tax was imposed after only a few weeks of collecting buyers' residency data, and applie

FOR SALE: 429 Hampton Gray Place - Prime Building Lot on 1.89 Acres in Nelson

This amazing property is currently the largest residential building lot in the City of Nelson and has underground electricity to lot line, water and sewer both to lot line and connection fees have been pre-paid. A building site has been cleared and this lot is ready to start your build today. The property backs on to the popular Rails to Trails biking and walking system above the city. Enjoy this family oriented neighborhood as you stroll down to Davies Street Park at the entrance of the sub-division. An increasingly rare opportunity to own a building lot of this size and flexibility in the City of Nelson. 429 Hampton Gray Place, Nelson, BC Price: $195,000 MLS# 2416139 Check out our vide

How to Prepare Your Home for Sale

Time To Let Go and Disassociate Yourself With Your Home The decision has already been made to sell the home - so it's now time to get your head in the game and realize that the house has now become a "product" and that from this point forward this is a business transaction. There are many things you can do to help the house sell more quickly and for more money and we will cover some of those in the next steps - but for now you need to come to peace with the process. Say to yourself, "This is no longer my home; it is just a house -- a product to be sold much like an item on a store shelf". Make the mental decision to "let go" of your emotions and focus on the fact that soon this house will n

National Average Home Price Map: Where does BC Rate?

Did you know that in August 2016 BC had the highest national average home prices in the country, followed by Ontario, then Alberta? Use this interactive map to look up and compare major city and provincial home price averages across the country.

FOR SALE: Spacious 5 Bedroom Home on Level 60' x 120' Lot in Fairview

Outstanding Fairview location! Solid and spacious 5 bedroom home (3 up and 2 down) on 60’ x 120’ level lot. Take advantage of this great space by moving your family in or continue using the house in it's current configuration as an investment property. 913 Seventh Street, Nelson, BC Price: $424,900 MLS# 2415307 More photos/information

JUST SOLD: 3 Bedroom Condo at Blaylocks

Blaylock Condos – A unique and prestigious place to call home. Perched above the historic Blaylock Mansion with panoramic views of Kootenay lake in the background, this 3 bedroom, 2 bathroom condo unit is nestled on the mountainside in a private and rural setting only 5 minutes from Nelson. #29 - 1691 Hwy 3A, Nelson, BC Price: $239,000 MLS# 2415729 More Photos/Information

 

​JOHN KNOX - REALTOR®/OWNER, President  | Fair Realty | Nelson, BC | (p) 250.777.2500 | (e) john@johnknox.ca

© 2010 - 2018 by John Knox Personal Real Estate Corporation  | Photo of Nelson courtesy of Dave Loewen