Although Kamloops is faring well in this economic down swing, the market is a buyers’ market. With that in mind, if your home is priced competitively and shows better than the competition than you have a greater chance of selling. Since October 1, 2011 there has been approximately 241 new listings, there have been approximately 14 sales from newly listed within this month. Of these 14 sales they averaged approximately 95% of their listing price. There is certainly something to say about pricing your home right as there are still 1429 active listings and there were about 1564 sales throughout this year. Buyers have become more educated and more choosey, this means that sellers need to be more realistic and listen to their realtor. Gone are the prices of 2007. There is a silver lining, when you sell your home you can buy in the buyers’ market and then wait for the market to return.
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