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BC Home Sales Ratchet Higher in September

According to BCREA... “BC home sales rose nearly 5 per cent from August on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "Total active listings on the market continue to trend at ten-year lows in most BC regions, limiting unit sales and pushing home prices higher. While the economic fundamentals support elevated housing demand, rising home prices are eroding affordability, particularly for first-time buyers." For Full Article Click Here

The Future of Home Buying

Great article posted by HSBC - very informative! New technologies are poised to transform the way people buy a home, according to HSBC’s international study on home ownership, Beyond the Bricks. Technology is already changing the way home buyers approach each of the three key phases of home buying – researching, financing and purchasing. And the change is accelerating fast, with significant implications for consumers and the property industry. Funding of disruptive property technology (PropTech) firms has grown phenomenally, from USD221 million in 2012 to over USD2 billion in 2016¹. PropTech is becoming the new FinTech (financial technology) and will bring similarly radical changes over the

Price Just Reduced on this Gorgeous 5 Bedroom Family Home!

NEW REDUCED PRICE: $679,000 Come and have a look at this beautiful and stately 2 storey home with full basement sitting elegantly on a 0.77 acre level lot with extensive landscaping including underground sprinkler system, rock walls, decks and patio spaces perfect for entertaining and a great lawn space for kids and family fun! 2277 Pez Road, Nelson, BC Price: $679,000 MLS# 2424292

New Video Just Released: 2277 Pez Road

Really excited to share my latest video on 2277 Pez Road, a spectacular executive 4 bedroom family home in a quiet neighbourhood only 10 minutes from Nelson! 2277 Pez Road, Nelson, BC Price: $689,000 MLS# 2424292

Nelson City and Nelson Rural: New Listings and New Sales To-Date

As you can see below, except in February when the new sales exceeded the number of new listings and in May when the number of new listings skyrocketed, there has been a fairly high ratio of new listings to new sales since the beginning of the year. What this means is that going into the year there was not a lot of inventory on the market and according to these statistics most of what was listed was sold. What you don`t see here which is highly relevant as well is how quickly homes were being sold. This left us with a very tight and competitive market in the city of Nelson so far this year with houses often selling near or over asking price. Rurally however, things were a little bit differen

 

​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