Residential sales across the region of Revelstoke to Peachland rose to 628 in March, 25% over the previous month, yet down 24% from this time last year, reports the Okanagan Mainline Real Estate Board (OMREB). However average price was $521,192, up just 2% over February and 10% higher than this time last year. With so many factors impacting the market, conditions are tricky and buyers and sellers are advised to engage a local real estate professional whose job it is to stay abreast of conditions and who has the knowledge to analyze and accurately interpret market implications. Visit: OMREB.com for detailed statistics
If you're thinking about a significant change in your home décor, consider dedicating a portion of your budget to a major furnishing that offers strong visual interest, plus the potential to improve or hold its value over time. With luxury items considered discretionary purchases, many antiques and artists' originals are selling for much less than before the recession. That creates an opportunity for an astute buyer to purchase a compelling item that can maintain its resale value, while also fulfilling its role as a central décor piece. Although you will need a good eye to recognize such an investment, a wealth of guidance is available for beginners from reputable dealers and collectors. Whether you fancy a modern painting, an antique sculpture or a rare vase, experts say you should pay for the highest quality you can afford, keep it in top condition, and get it insured. Above all, it is imperative that you truly love any collectible you buy, so you can enjoy it for as long as it takes to appreciate.