Sicamous, BC

Shuswap Foreclosure MLS® Real Estate Market Update December 26, 2011

Boxing day in Canada typically means "deals" to most Canadians, dealing with a residential real estate agent who is familiar with the British Columbia foreclosure or Bristish Columbia court ordered sale process could mean potentially a "good deal" for you, if you can stomach the process !

Below are currently listed properties under Residential MLS® Court Ordered Sales listed on the real estate market in the Shuswap in British Columbia:

Status: Active (36)
	List Price		DOM	Beds	Baths	Finished Floor Area
Min	$18,900		10	1	1
Max	$995,000		1144	5	5	5268
Avg	$341,597		172	3	2	1489
Sum	$12,297,500

Shuswap real estate residential MLS® Sales - Court Ordered Sales for 2011:

Status: Sold (41)
	List Price	Sold Price	DOM	Beds	Baths	Finished Floor Area
Min	$89,000	$53,000	2	1
Max	$588,000	$509,000	417	5	5	4797
Avg	$268,410	$252,675	127	3	2	1645
Sum	$11,004,800	$10,359,657

Data includes: Salmon Arm, Sicamous, Sorrento , N. Shuswap & surrounding Shuswap Area but excludes Revelstoke. All info obtained from Okanagan Mainline Real Estate Board. DOM = Days on Market MLS® = Multiple Listing Service

If you are ready to buy in the Shuswap & want to learn more about the court ordered sale process in British Columbia than please give me a call toll free to discuss 1-800-582-8639 so I may help you further

OR

To have a Shuswap real estate foreclosure search e-mailed to you please drop me a line karen@shuswap4sale.com

Good Luck & happy Buying in 2012 !

Sicamous lot for sale - Mara Lake - Shuswap Lake

Bayview Estates - AWESOME LAKEVIEW~FULLY SERVICED LOT- MLS®

Listed at $159,900

Bayview Estates ~ This lot is suited for a WalkOut Bungalow. One of the first of the original lots committed too in the center of the development.

Prime Lot, hard to beat this view anywhere in the Shuswap!

Fully serviced lot with Phenomenal Lakeview's of Mara Lake , Shuswap Lake & Hyde Mountain.

This neighborhood is well ahead of it's time , soon to be the most sought after address to build your dream home and own a home in the Sicamous area, not much to compare to

This newly finished development with fantastic Lakeview in the Shuswap offers: roads are wide, with large sidewalks, paved with state of the art lighting, natural rock walls and gorgeous natural landscaping throughout the development.

Come see for yourself!

NO HST applicable on this lot, GST was paid already!

**Listing REALTOR® is owner and has building scheme and covenants available for this lot. Exclusive through RE/MAX at Mara Lake

View more pictures on my website: Email at karen@shuswap4sale.com

SHUSWAP British Columbia MLS® FORECLOSURE or COURT ORDERED SALES – PROPERTY UPDATE ~ October 23, 2011

I first started a Shuswap Foreclosures Blog in December 2009 with MLS® Active Foreclosures:

See how far we have come since December 09, then we had 13 Residential and 2 Commercial Foreclosures for sale !

**To VIEW MY Original Foreclosure post: http://activerain.com/blogsview/1386909/shuswap-bc-foreclosures-listings-information-sicamous-salmon-arm-surrounding-shuswap-areas-

Update October 23, 2011

**All info obtained through Okanagan Mainline Real Estate Board.

FORECLOSURE or Court Ordered Sales Listing Information for Sicamous, Salmon Arm & surrounding Shuswap areas

**Please Contact Karen Singbeil karen@shuswap4sale.com for an e-mail list to be set up on an automatic MLS® search if you are looking to buy or sell in the Shuswap area.

Current Breakdown of Active Court Ordered Sales or Foreclosures listed on MLS® for all areas of the Shuswap, BC: (excluding revelstoke)

Total : 50

42 Foreclosures or Court Ordered Sales under MLS® Residential are currently Active in British Columbia for the Shuswap Region! (excluding revelstoke)

8 Commercial Court ordered Sales or Foreclosures under Commercial MLS® are currently Active in British Columbia for the Shuswap Region!(excluding revelstoke)

Breakdown of Active MLS® Foreclosures or Court Ordered Sales for the Shuswap region:

27 listed in Residential Foreclosures or Court Ordered Sales : Priced from $144,900 to $995,000. in the area’s of Sicamous, Salmon Arm, Malakwa, Eagle Bay, Seymour Arm, Tappen Sunnybrae, Blind Bay

3 listed in Strata or Condo Foreclosures or Court Ordered Sales: Priced from $165,000 to $275,000 in Salmon Arm, Sicamous, Eagle Bay

10 Residential Foreclosure or Court Ordered Sales lots: Prices ranging from $18,900 to $549,900 Sicamous, N. Shore, Seymour Arm

1 Mobile Homes listed in Foreclosure or Court Ordered Sale: Priced at $115,000 in Salmon Arm

0 Farm Listing

1 Recreational listed in Foreclosure or Court Ordered Sales $261,000 Sicamous

1 Business Opportunity listed in Foreslosure or Court Ordered Sales $2,200,000 Salmon Arm

5 Commercial Listings in Foreclosure or Court Orered Sales: prices ranging from $219,900 to 1,500,000. listed in areas : Sicamous, Malakwa, Salmon Arm

2 Commercial Lot in Foreclosure or Court Ordered Sales: priced from $179,900 & 2,950,000 in Blind Bay and Sicamous

36 Sold from Jan 2011 - October 23, 2011 under Foreclosure or Court Ordered Sales in the Shuswap area on MLS®

Okanagan Mainline Real Estate Board - August 2011 Buyer's Survey

AUGUST 2011 SURVEY SUMMARY

Property Type:

22.9% by First Time Buyers

17.4% of purchases were by Move-Up Buyers

11.1% buying Revenue/Investment Property

10.4% moving from Single Family Home to Strata Unit

7.6% Recreation Property Buyers

5.6% moving into Retirement Home/Seniors Community

3.5% moving from Strata property to Single Family Home

Family Dynamic:

26.4% of Buyers were Two Parent Families with Children

24.3% Couples without Children

22.9% Empty Nesters or Retired

13.9% Single Males

8.3% Single Females

3.5% Single Parent Families with Children

Moving From:

50% from Within OMREB Board Area

18.8% from Alberta

10.4% from Lower Mainland/Vancouver Island

10.4% from Other Areas in BC

6.3% from Eastern Canada/Maritimes

2.8% from Outside Canada

1.4% from Saskatchewan/Manitoba

Moving To:

54.1% of purchases were in Kelowna/West Kelowna

13% in Vernon/Coldstream

10.3% in North Okanagan (other than Vernon/Coldstream)

8.9% in Salmon Arm

7.5% in Central Okanagan (other than Kelowna/West Kelowna)

6.2% in Shuswap/Revelstoke (other than Salmon Arm)

AUGUST 2011 SURVEY RESULTS: Summary of AUGUST results with pie charts added for quick reference are attached to this email (PDF).

2011 AVERAGE – January through August: On average during the first 8 months of 2011, home buyers have been coming from within the OMREB Board area (56.71%); Alberta (14.83%); Lower Mainland/Vancouver Island (10.75%); other areas of BC (8.63%); Eastern Canada/Maritimes (3.45%); Saskatchewan/Manitoba (2.93%); and outside Canada (2.11%). So far this year, on average Move-up Buyers accounted for 25.14% of the purchasers while First-time Buyers comprised 20.93%.

12-MONTH AVERAGE - September 2010 through August 2011: On average, over the last quarter of 2010 and first 8 months of 2011, home buyers have been coming from within the OMREB Board area (57.15%); Alberta (14.22%); Lower Mainland/Vancouver Island (12.48%); other areas of BC (7.88%); Saskatchewan/Manitoba (3.27%); Eastern Canada/Maritimes (2.99%); and outside Canada (2.09%). On average Move-up Buyers accounted for 23.32% of the purchasers while First-time Buyers comprised 23.58% during the 12 months OMREB’s Buyers Survey has been conducted.

For the complete news release, including detailed statistics, follow this link: www.bcrea.bc.ca/news_room/2011-08.pdf.

For immediate release

Home Sales Stable During Summer Months

Vancouver, BC – September 14, 2011. TheBritish Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 16.4 per cent to 6,504 units in August compared to the same month last year. The average MLS® residential price climbed 10.7 per cent to $539,953 last month compared to August 2010.

"BC home sales edged up one per cent in August compared to July on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “Low mortgage interest rates continued to underpin housing demand in the province last month."

"Total active listings in the province remained elevated in August,” added Muir. “Most regional markets exhibited buyer’s market conditions, meaning little upward pressure on home prices."

Year-to-date, BC residential sales dollar volume increased 17.7 per cent to $31.7 billion, compared to the same period last year. Residential unit sales increased 2.6 per cent to 55,132 units, while the average MLS® residential price rose 14.7 per cent to $574,962 over the same period.

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For more information, please contact:

Cameron Muir	Damian Stathonikos
Chief Economist	Director of Communications and Public Affairs
Direct: 604.742.2780	Direct: 604.742.2793
Mobile: 778.229.1884	Mobile: 778.990.1320
Email: cmuir@bcrea.bc.ca	Email: dstathonikos@bcrea.bc.ca

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that encourage economic vitality, provide housing opportunities, respect the environment and build communities with good schools and safe neighbourhoods.

For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale.