Sicamous Market Update ~ Sicamous Real Estate ~ January & Februaury 2010

Sicamous Market Update for January & February 2010

There have been 9 Sicamous sales since the beginning of the 2010. All of them Listed and Sold within our office : RE/MAX at Mara Lake ! (All Data obtained from OMREB)

January ~ 6 Sales
2 single family homes in Sicamous
2 Malakwa properties
1 mobile
1 Strata/Condo in The Sails

February ~ 3 Sales
All 3 were single family homes in Sicamous

Prices continue to go down from previous years continuing to favor the buyers. Active listings for all of Sicamous 182 :

Inventory is very low in Single family homes under 275K where we have seen this years main activity level.
The first time home buyers are taking advantage of the low interest rates and lower house prices and this shows with the activity we are seeing in the 225-275K range. Of the 55 single family homes less than 10 are under $300,000

There are currently 47 active condo/strata on the MLS this does not include all the new product with the developers i.e. Legacy, Hummingbird , Sicamous developments, Shuswap Villas etc..that are not all listed. Factoring those there are approx. 160 condo units for sale in the Sicamous area.

Bayview Estates after starting over 5 years ago has now completed, soon to be the most sought after address in Sicamous to build your dream home on in the Shuswap.

With the anticipated HST coming into effect July 1,2010 in British Columbia I feel there will be a push for developers to get rid of their older product. Trying to persuade the buyers to make decisions who are wanting to avoid paying the new tax of 12% (7% increase)

Spring is definetly here after a very mild winter in the Shuswap! The flowers are starting to come out, the birds are coming back and the snow is almost all melted... except for the hills so Sledders from Alberta can still come out and enjoy!

2009 brought a change in the way I market my business and I continue to try "new" ideas i.e. blackberry and iphone mobile sites (mobile.shuswap4sale.com). I have set up numerous social media sites: twitter (karensreal and sicamousrealtor), YouTube karensreal1) Video listings, picasaweb (ksingbeil1 slideshows), google, facebook. Join me as a fan of the Sicamous real estate fan page on Facebook, several blogs : this one Sicamous real estate blog and activerain blogs as well. I continue to use traditional ways to expose all my Sicamous listings to as many buyers as possible within the Sicamous and Shuswap market.

If you are looking to buy or sell in the Sicamous area of the Shuswap please give me a call Office toll free 1.800.582.8639!

If you would like to see homes or properties I currently have for sale in the Sicamous area you can also visit my website http://www.shuswap4sale.com