Salmon Arm Realtors Are So Expensive
Situated right where Shuswap Lake curls into a shape that gives the city its name, Salmon Arm is one of those rare places where you can find everything from comfy condos to sprawling family homes. But what really makes this beautiful community special is the welcoming vibe that quickly draws new residents in and helps them feel like they belong. It’s no wonder why many people visit here for a vacation and decide to make it their home.
Limited inventory and strong demand are driving house prices up in Salmon Arm and other Okanagan communities. According to Marv Beers, owner of Royal LePage Access salmon arm realtors, the average price of a single-family home in the area is currently $410,000. That’s a lot more than it was just two years ago, and he says that’s because there are so few properties on the market.
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In addition to low supply, demand is coming from buyers from the Lower Mainland and Alberta. Those factors have combined to create an extremely tight market, with homes that are priced well above their asking prices often receiving multiple offers. Beers, who is also a director with the Okanagan Mountain Regional District Board of Directors, points out that there are no signs of slowing down.
Why Salmon Arm Realtors Are So Expensive
However, despite the high demand and prices, it is still very affordable to buy a home in Salmon Arm. A recent survey by Century 21 Canada found that detached houses in the city cost an average of $263 per square foot, making it more affordable than other communities across the Interior.
Another option is to purchase a mobile home, which are popular in the region. These types of homes often overlook the stunning Shuswap Lake and the surrounding forests, and are a great choice for those who want to keep their costs down. If you’re looking for something even more budget-friendly, look into land for sale in Salmon Arm. There are lots of cheap land options in the area, including lakefront and mountain views.
If you’re thinking about buying a property in Salmon Arm, be sure to work with a local real estate professional who can guide you through the process. Zillow’s directory of local agents and brokers can help you connect with a professional who has the expertise to meet your needs, whether you’re interested in renting, buying, or selling a home. And with local experts in your corner, you can rest assured that you’ll be getting the best possible deal on your next home.