What are the current average selling prices for homes in the Shuswap region?

selling prices for homes in the Shuswap region

Many people who own property in the Shuswap region use it as a summer vacation spot or rent it out to holiday makers. However, leaving a cabin empty for months at a time can lead to major problems like frozen pipes and even mold. Luckily there are some easy steps that you can take to protect your investment and keep it safe from the elements.

One of the biggest things you can do is to turn off your water valve. This will drain your home’s pipes of excess water so they don’t freeze during a deep cold snap. You should also drain your kitchen and bathroom faucets, the dishwasher and your washing machine. Then make sure to turn off the power and open your cabinet doors so that air can circulate and prevent moisture build up.

Another tip is to store your food in a cooler or plastic bins. This will help to preserve the food and prevent any freezer burn that could damage your food when it’s in storage for months at a time. It’s also a good idea to clean and vacuum your cabin, especially the carpets. You should also check for leaks and any other potential problem areas.

What are the current average selling prices for homes in the Shuswap region?

Lastly, it’s important to keep an eye on your water heater. If you notice any moisture or water stains on the wall, ceiling or floor, you should call a plumber right away. Moisture and water damage can cause mold, mildew, and other problems that are costly to repair. In general, you should check your water heater every month for any signs of damage or leaks. It’s also a good idea for you to drain your water heater at the end of each year. This will help to remove any sediment that has built up over the years, which can cause corrosion and lead to rust in your water heater.

The residential shuswap realtors market has cooled down in Salmon Arm and the Shuswap region this fall, but it is still on the upswing for 2023. The latest numbers from the Association of Interior REALTORS(r) – Okanagan show that sales of single-family homes and multi-family properties were down slightly in November, but they were still above the 2022 number for the same month.

Marv Beers, owner of Royal LePage Access Real Estate Salmon Arm, said there is a shortage of property in the $300,000 to $400,000 range and it’s driving up prices. “There’s a lot of interest in that area,” he said. The average selling price for a single-family home in Salmon Arm was $523,530 in September, down from $729,647 in August. But it is still up by more than $1 million over the same month in 2016.

The Kamloops housing market continues to defy a COVID slump with record high prices and sales. “Buyers are willing to pay over the asking price,” said realtor Chelsea Mann of Century 21 Desert Hills Realty. “It’s a seller’s market.” She added that the city’s housing inventory has dropped to a three-month supply.