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®
MEDIA RELEASE: October 5, 2011
Shuswap Housing Market Showing Signs of Stability Going into Fall
Sicamous, BC – The Shuswap Zone of the Okanagan Mainline Real Estate Board (OMREB) reported September 2011 salesactivity of all MLS® property types improved compared to sales at this time last year and the previous month (August 2011) as the housing market begins to show signs of stability going into fall.
In September, overall unit sales improved 18.75% compared to 2010 (to 76 from 64) with sales volumes at $21.8 million compared to $20.6 million last year – up 16.92% from August sales (65). Total residential sales climbed 16.98% compared to 2010 (to 62 from 53), and rose 12.72% over August (55). Single family unit sales improved 9.09% from last September (to 24 from 22). Last month’s inventory of 1,696 units was down slightly (2.29%) from 1,658 last year, while new listings rose 6.99% compared to 2010 (to 153 from 143) and dropped by 23.88% compared to August (182).
“The market in the Okanagan ‐Shuswap is beginning to stabilize as autumn unfolds. With the bump‐ up in sales during September and steady activity over the past few months in the Shuswap - Revelstoke Zone, we are cautiously optimistic moving forward. Most segments continue to hold their own while the recreation and investment sectors remain sluggish, being most impacted by opportunities south of the border, and Canada’s slower than anticipated economic recovery and modest job growth,” says Karen Singbeil, OMREB Director and REALTOR® in the Shuswap Zone. “Overall demand in most BC markets has cooled along with lagging consumer confidence. Belt ‐ tightening and apprehension about making big purchases have continued as ongoing concerns over personal debt load, net worth and employment are being influenced by news of American economic uncertainty, global instability and equity market volatility.” Singbeil notes, “Serious buyers are looking for well ‐priced properties – recognizing that now is the time to buy while there is still an ample selection of homes and room to negotiate, and while low interest rates continue to positively impact their purchasing power and determine the home they can afford.
Sellers can benefit from working with a professional REALTOR® to price strategically at current values and make the most of buyer activity. Homes with good curb appeal that are listed by sellers with the sharpest pencils are selling quickly in this competitive market. “
The results of OMREB’s Board ‐ wide monthly Buyers Survey profiling who the buyers are, what they are buying and where they are from shows that the majority of buyers are from within the Board area. First ‐time buyers and move‐ up buyers are a driving factor, and stimulate the chain of ownership.
The Shuswap Zone of OMREB includes the areas of Salmon Arm, Sicamous, Sorrento, North Shuswap and east along Highway 1 to Revelstoke. The Okanagan Mainline Real Estate Board (OMREB) is comprised of 1,122 member REALTORS® and 91 real estate offices in the Southern Interior of BC.
For the most comprehensive source of all real estate listings, home buying and selling information, visit our national websites at www.realtor.caand www.icx.ca. To find out about the advantages of using a REALTOR® , check out www.howrealtorshelp.ca. All OMREB listings are published in the MLS® Real Estate Review magazine available at all real estate offices and various locations in the Central Okanagan, North Okanagan, the Shuswap and Revelstoke areas. For comprehensive Board ‐wide statistical information, please visit our local public site: www.omreb.com
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For more information:
Karen Singbeil, Director ‐ Shuswap Zone (Shuswap statistical information) karen@shuswap4sale.com (250) 836‐2223
Kent Jorgenson, Director ‐ Central Zone (Board‐ wide statistical information) kent@kentjorgenson.com (250) 717‐5000
Cameron Muir, Chief Economist, BCREA (Province‐ wide statistical information) cmuir@bcrea.bc.ca (604) 742‐2780
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.
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Living In & Selling the Shuswap! Karen Specializes in Waterfront properties on Mara Lake, Shuswap Lake, Sicamous & all Surrounding Shuswap areas!
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