Okanagan Real Estate – Google it!

Market up? Market down? Everyone has an opinion!

One day its doom and gloom:
The listing inventory is high;      The number of sales is down;      The interest rates are rising;      There are too many people unemployed.

The following day, “The recession is over”
The average home price is up;      The interest rates are near all-time lows;      The selection of properties is excellent;      The number of building permits (jobs) is up.

Who is right?
When in doubt, Google it!

Google analytics measures the number and origin of the unique visits to our Office’s website.

The 18 months prior to May 2010 showed the visits to be about half of the traditional numbers and the origin to be mostly local. The sales during that period were less than normal and almost all local buyers. The sales were modestly priced homes $400,000 to $550,000 and condos $200,000 to $350,000.

Google analytics mid May to mid June, 2010
Unique visits to the Premier Canadian Properties web site

Local – 60.8%
Vancouver – 17.4%
Alberta – 11.5%
Ontario – 3.4%
Sask. – 1.3%
Others – 5.6%

This is a huge change which is no doubt driven by the weather, the economy, and demographics.

So…..is the market changing? Will luxury homes and condos start selling? Will demand for lakeshore
and golf properties return?

Google says, YES!

The offices last 10 sales look like this:
6 local buyers
2 Alberta buyers
1 Vancouver buyer
1 U.K. buyer

Viva La Google! 

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