Market Update: December 2022

Market Update: December 2022

Compare December 2022 to the last 5 years and you can see quite a shift, the market is starting to correct itself since the two Covid years turned the market into something that has not been seen before.

Market update for the Shuswap for December 2022!

We find it super interesting to look at the data year over year, especially pre-Covid prices compared to now. We can see a large jump down on the median sale price from last year, but still a significant amount higher than previous years.

We take the time to pull all these stats manually and do not include Revelstoke in our calculations. If you have questions of how we got these numbers or what they mean, please reach out.

We are looking forward to the 2023 year and as predicted we expect to see a pretty strong buyers market here in the Shuswap. If you are interested in joining the market in the Shuswap send us a message and see how we can help you.

This update is focused on Single Family Residential homes (freehold) in the Shuswap including Salmon Arm, Sorrento, Blind Bay, Eagle Bay, Sicamous, the Salmon Valley, Tappen, and North Shuswap.

We are always available to answer your questions - reach out to us anytime!

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