Consumer demand has returned to a more typical level over the first two months of the year," said Cameron Muir, BCREA Chief Economist. "While the home sales have declined nearly 32 per cent from the extraordinary performance of a year ago, last month's activity reflected the average for the month February since the year 2000." for full article click here
JUST SOLD! It's a tough market for buyers in Nelson right now...but we got it done for these buyers with the first offer on the table and they are thrilled!! It's super competitive out there and things are moving fast - call me, I can help. I''ll get you to the front of the line!
Great article from HGTV - Top 20 things to look out for when buying an older home. Click here to see article
Amazing waterfront property just sold after receiving multiple offers! Congratulations to our very happy sellers and to the new buyers! Put my proven marketing system to work for you too! Call me today. This is truly a waterfront paradise just minutes from Nelson. 2452 Hwy 3A, Nelson, BC Price:$698,000 MLS# 2419338
"After an initial upward adjustment in global interest rates following the US presidential election, bond markets have since adopted a wait and see approach to US economic policy. As a result, the yield on the benchmark five-year bond has stayed constant through the first quarter of the year. Consequently, Canadian mortgage rates have also remained relatively unchanged. However, we could see some upward movement in interest rates over the second half of 2017, due to a stronger Canadian economy and a large degree of policy incoherence in the United States. Indeed, for the first time in several years, US monetary and fiscal policy seem to be at cross purposes. The US Federal Reserve, seeing an
As with the trend in the City of Nelson, you can see that there are more listings currently being sold in February than there are new ones. Although inventory is greater in the Nelson Rural catchment area than in the City, the geographic area is also substantially larger. Feel free to give me a shout if you want further clarification on what this means to you in terms of buying or selling!
As you can see, there were only 3 new listings in the City of Nelson last month (February 2017) compared to the previous month at 8. Given that there were 9 sold listings which is up from 3 the previous month, it is clear that the market is tightening right now with respect to the availability of single family homes.
According to statistics published by the Kootenay Real Estate Board, almost half (49%) of the buyers purchasing homes/property in the City of Nelson in 2016 were local. An additional 16% were from the West Kootenays, so realistically 65% of sales were to residents of the West Kootenays. 12% were from Alberta followed by the Lower Mainland at 9%. Looking at the Nelson Rural market, 32% of buyers were local, 27% from the West Kootenays, so again about 59% from the immediate area. The Lower Mainland and Alberta tied for 3rd place each accounting for 14% of the buyers last year. Interesting comparison between Nelson City and Nelson Rural in terms of where our buyers are coming from. Knowing whe
5841 Sunset Drive, Taghum, BC Price: $549,000 Congratulations to my very happy sellers who got top dollar for their home! Proof that by implementing the right marketing strategy, the sale of your home can yield you the maximum amount of money in the shortest amount of time. If you are considering selling your home, contact me today to put my unique and effective marketing program to work for you. Exceptional custom built near-new executive home in Taghum only 5 minutes from Nelson. Placed on a gently sloping and landscaped 0.51 acre view lot overlooking the river and on a quiet cul de sac, this home offers all the space and amenities any family needs. More photos/information
Enjoy the views of the lake and bridge from this 3 bedroom family starter home in upper Fairview. Situated on a corner 60 x 60 lot with mature evergreen trees in the front yard and level off-street parking, this home could easily check all the boxes for a first time home buyer. Main floor entry with 2 bedrooms and one bathroom off the kitchen and living room, make one level living a definite possibility. A third bedroom and bathroom are found in the unfinished basement area along with a wood burning stove for extra heat in the winter. The full basement with separate entry allows lots of potential for further development. All in all a good find in a good neighbourhood. 301 Sixth Street, Nelso
