Real Estate News in Nelson, BC

Introducing Mrs. Yara Chard

On August 23rd 2008, I married the love of my life - Brian Chard. I will now be offering the same great real estate service, but under my new married name - Yara Chard.

Charity Starts At Home

I am now making a $50 donation from each real estate transaction to local charities. Once a sale closes, my clients will have a choice of three non-profit groups to decide which organization the donation is made out to.

The three non-profit groups that are near and dear to me are:

The West Kootenay Woman’s Association
Nelson Cares Society
and the BC SPCA

With housing prices making home ownership difficult for the average family and the lack of affordable housing available, I recognizes that there are a number of people in the area that are struggling and require additional support services on a daily basis. I hope that the donations I makes throughout the year will help the non-profit organizations have just a little bit more to contribute.

For more information visit www.NelsonLocal.com.

NelsonLocal.com Goes Green

I've just upgraded my website hosting for NelsonLocal.com. I'm proud now to have a certified "green" website hosting account. The site is hosted on high-end servers run by a company that purchases renewable energy certificates that offset the carbon emissions generated by all of their business activities.

Market Statistics

In July sales were down 31% over last year, Year to Date overall sales were down 33.8%.

Listing numbers in July were up 17% over last year, Year to Date listing numbers were up 24.8%. Overall listing Inventory was up 69% over last year at the end of July.

At the end of August an average home in the city of Nelson sold for $361,016 year to date compared to last years average of $327,396 year to date.

For the same period in 2008 the average for rural homes outside city limits sold for $476,441 compared to 2007’s sale price of $391,836.

It is now more of a buyers market as there are many more listings to choose from. Buyers have more time to make adequate buying decisions while viewing the current inventory.

Where Is The Market Heading?

August 2008 Residential Average Price, Active Listings
and Sales-to-Active-Listings Data by Board

Board	Average Price			Active Listings			Sales to Active Listings
Board	August 2008 Residential Average Price ($)	August 2007 Residential Average Price ($)	% change	August 2008 Residential Active Listings (Units)	August 2007 Residential Active Listings (Units)	% change	August 2008 Residential Sales to Active Listings (%)	August 2007 Residential Sales to Active Listings (%)
BC Northern	219,675	192,210	14.3	3,144	2,222	41.5	12.3	29.1
Chilliwack	303,972	313,530	-3	1,906	1,061	79.6	8.9	30.5
Fraser Valley	431,642	415,629	3.9	9,697	6,612	46.7	9	25.2
Greater Vancouver	557,114	587,483	-5.2	19,067	11,549	65.1	8.4	30.2
Kamloops	290,987	286,253	1.7	2,001	1,049	90.8	10.5	31.6
Kootenay	267,011	298,420	-10.5	2,818	1,655	70.3	7.2	21.3
Northern Lights	228,981	153,381	49.3	194	217	-10.6	36.1	32.3
Okanagan Mainline	414,359	410,491	0.9	7,197	3,664	96.4	6.2	24.4
Powell River	232,903	254,838	-8.6	255	131	94.7	6.3	12.2
South Okanagan	327,817	346,596	-5.4	1,938	1,158	67.4	6.6	23.9
Vancouver Island	328,414	326,166	0.7	6,476	4,395	47.3	8.8	22.3
Victoria	452,205	457,509	-1.2	3,752	2,560	46.6	13.1	30.6
Provincial Totals*	421,685	439,939	-4.1	58,445	36,273	61.1	8.9	27.1

*Numbers may not add due to rounding Stats provided by BCREA and are not intended for reproduction or other use.

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