Sicamous 1st Quarter 2010 Sales Stats ~ Sicamous Real Estate

Sicamous Real Estate Stats for 1st Quarter 2010

I love running numbers and checking out the stats for our real estate market especially when it seems they aren't making sense. I started to run the 1st Quarter sales stats for this year in the past few days to try to figure out this CRAZY real estate market and now I am even more confused.

So I decided to search MLS back to 1st Quarter 2006 which was when our Sicamous market was still leaping upward with hefty leaps & bounds probably about mid 2006 to fall 2007 was our really "hot, hot, hot" Sicamous real estate market.

I am trying to figure "out" where we are & basically where are we going! Seems my crystal ball & tarot cards are failing me & I am looking for answers! I keep "hearing" Vancouver & Calgary are both heating up & in multiple offers the forecasts from Bank of Canada seem to believe with the recent interest rate hike they need to cool things down, really? I am just wondering where are we going to end up for 2010? NOW I am more confused than before I started! The one thing I can tell is the market is down from 2007 no surprise there but 2009 was stronger and I think we are still FAR from balanced as the reports across the nation are reporting.

Active 166 Residential properties on the MLS for Sicamous this includes: mobiles, single family homes, condos/strata and lot/acreages. Commercial properties we have 35 listed in the Sicamous area.

MLS Sales Stats for 1st Quarter (Jan. Feb. March) ~ 2007 to 2010 (obtained from Okanagan Mainline Real Estate Board data)

2010 Sicamous Real Estate 1st Quarter MLS Sales

6 Jan. Average Sale Price $208,333 DOM 180

3 Feb. Average Sale Price $255,000 DOM 55

2 March Average Sale Price $279,250 DOM 394

Average Total $247,528 Average Days on Market 210

2009 Sicamous Real Estate 1st Quarter MLS Sales

1 Jan. Average Sale Price $125,000 DOM 110

2 Feb. Average Sale Price $482,500 DOM 263

4 March Average Sale Price $329,825 DOM 194

Average Total $312,442 Average Days on Market 189

2008 Sicamous Real Estate 1st Quarter MLS Sales

2 Jan. Average Sale Price $246,000 DOM 55

2 Feb. Average Sale Price $319,875 DOM 237

9 March Average Sale Price $217,311 DOM 68

Average Total $261,062 Average Days on Market 120

2007 Sicamous Real Estate 1st Quarter MLS Sales

7 Jan. Average Sale Price $365,429. DOM 151

10 Feb. Average Sale Price $282,675. DOM 225

13 March Average Sale Price $256,158 DOM 167

Average Total $301,420.67 Average Days on Market 181

2006 Sicamous Real Estate 1st Quarter MLS Sales

16 Jan. Average Sale Price $235,788. DOM 170

4 Feb. Average Sale Price $ 217,250 DOM 180

8 March Average Sale Price $200,725 DOM 131

Average Total $217,921 Days On Market 160

So throw all the other data OUT like the garbage and based on 2006 to 2010 we are up 12% to 18% minimum month to month 2006 to present increase !! Agree? SO If you didn't sell in that hot hot time period then you didn't benefit from all the high, crazy speculatitve increases and your no worse off.

However if you did sell in that time period you probabaly bought again so you are still no worse for the wear!! BUT I would love to "hear" from you what do you make of this crazy Sicamous real estate market?

Oh Buyers come out, come out where ever you are! I feel this is and should be a good time to buy!