Real Estate News in Nelson, BC

Kootenay Region Residential Statistics

If you are interested in purchasing real estate in the Kootenays during this buyers market but you are unsure where to invest during these slower economic times, take a look at the 2008 year end boundary breakdown.

For individuals holding onto the dream of home ownership, or first time investment opportunities there are still some affordable housing prices in the smaller communities throughout the Kootenay region.

As per the Kootenay Real Estate Board Statistics for the end of December 2008 the averages on real estate in the Kootenay Boundaries were as followed: (bear in mind these numbers can be skewed with large or small $ volume individual transactions)

Residential Sales Only

Castlegar	$276,021	Elkford	$287,140
Cranbrook	$320,164	Fernie	$513,899
Creston	$249,657	Fruitvale	$265,884

Golden	$309,507	Invermere	$416,984
Grand Forks	$239,805	Kaslo	$291,625
Greenwood	$177,875	Kimberley	$272,123

Midway	$168,642	Nelson	$359,711
Montrose	$242,600	New Denver	$192,750
Nakusp	$249,972	Radium	$340,000

Rossland	$314,874	Slocan	$167,250
Salmo	$219,154	Sparwood	$304,939
Silverton	$N/A	Trail	$202,742

Warfield	$183,705

Mortgage Rates

As of March 2nd, the Bank of Canada dropped the key mortgage rates by another ½%. And most of the larger Canadian banks are matching the drop. In a recent statement, the Bank of Canada said this:

It has seen “weaker-than-expected activity in major economies” since January.
There’s been “a sharper decline in Canadian economic activity” than the B.O.C “projected.”
Canadian economic output might not start improving until “early 2010.”
The effects of prior rate cuts will likely kick in during the 2nd half of this year.

So what this means for the borrower is a better mortgage rate on new mortgages and/or lending rates overall. For the most current daily rates visit:
http://www.canadamortgage.com/RatesShow/ShowRates.cfm

Listings

If you are looking to buy, now is a great time to do so. Prices have dropped, mortgage rates are favorable and there is a great selection of homes on the market.

Feature Listing: $284,900

This charming 3 bedroom uphill home features some of its original heritage characteristics throughout the open concept living space. A large kitchen, woodstove, claw foot tub, hardwood floors, and multiple decks are only a few of the selling features to captivate you. Within walking distance to downtown, schools, and trails, this property is priced to sell in todays market.
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=329661391&s=BRC&t=BRC

You can also search on the Multiple Listing Service website to see a full range of listings throughout Nelson and surrounding areas. www.mls.ca . Contact me with any questions on all MLS® listing at info@nelsonlocal.com

If you are considering making a purchase or sale in the area and want some expert advice on the local market, give me shout and visit www.NelsonLocal.com for more information about Nelson BC Real Estate.

West Kootenay Baby & Family Expo

On Saturday April 4th, 2009 at the Best Western Baker Street Inn from 10am-7pm there will be a tradeshow for moms, dads, babies, teens, aunts, uncles and tots. Over 30 vendors will be participating in this family event showcasing their talents, services and products. Come chat with me at the Re/max table. For more info visit www.westkootenaybabyandfamilyexpo.webs.com

Relocation and Referral Service

If you or anyone you know is relocating, I can connect them with professional and reputable Realtors anywhere in the world with my relocation and referral service. Contact me for more info.

This service helps people who are moving to an unfamiliar area connect with a creditable and dependable Realtor at the other end. They can take comfort in knowing that the purchase of their new home will be less complicated and less time consuming than if they tried to coordinate it all on their own. Let me know if I can help you or any of your friends or family members make a smoother transition by using this service. Read some testimonials . . .

If someone you know, anywhere in the world, is looking to buy or sell a property and could use a referral to help locate a knowledgeable competent agent in their area, let me know. My referral service makes it easy to pinpoint exactly the type of expertise your friend will need. Whether is selling a farm or buying a condominium, I have connections to qualified specialists in every major market in the world.

Charity Starts At Home

Don’t forget that I donate $50 of each sale to charity.

With housing prices making home ownership difficult for the average family and the lack of affordable housing available, I recognize that there are people in the area that struggle and require support services on a daily basis.

In an effort to help, once I successfully close and complete a sale, I will donate $50 to your choice of three local charities. If I am representing you for one side of a transaction, the entire $50 will be donated to one charity. If I am representing both the buying and selling sides of a transaction, there will be two $25 donations made.

The three organizations that are near and dear to me are:

I hope the donations that I make throughout the year will help the non-profit organizations have just a little bit more to contribute to those in need.

Visit http://nelsonlocal.com/charity.html for more details about the Charity program.

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