Found 3 blog entries tagged as Vacation Homes.

Real Estate Market Value

The concepts of Market Value and Purchasing Price!

Market Value

  • Market Value, often referred to as Fair Market Value, is the estimated amount for which a property or an item would trade in a competitive and open market environment.
  • It reflects the price that a willing buyer and a willing seller, both having reasonable knowledge of all relevant facts and neither being under any compulsion to buy or sell, would agree upon.
  • Market value can fluctuate based on demand, economic conditions, and other market dynamics.  

Purchasing Price ( Purchase Price ) 

  • The Purchasing Price is the actual amount paid for a product or service at the time of buying. It is the cost at which someone acquires an asset, commodity, service, or…

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Bugaboo Provincial Park

Columbia Valley Real Estate Market

The Columbia Valley boasts vibrant communities and a wide range of activities, making it a desirable location for both permanent residents and vacationers.

The real estate market in the area is diverse, offering options for everyone from first-time homebuyers to retirees looking for a serene retreat.

Median Home Prices

The Columbia Valley

Median sale prices vary depending on the type of property and location. In Invermere, the median sale price for a single-family home is around $850,000, while in Radium Hot Springs it's closer to $750,000.

Condos tend to be more affordable, with a median price in the $500,000 range.

Properties are typically priced fairly and selling within a reasonable…

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Is the time right to buy or sell?

Well. First off let me say that the time is right if it suits your needs. Such as growing family, looking to down size, need a getaway property. There are many reasons why the dollar value should not be the only consideration when buying a property. Although it is probably the main factor used in a home search. It is definitely not the most important. The needs of the individual or the family should be the driving factor. In most cases the same criteria can be found in a home that is a little older than a new home, and at a lower cost. Of course we all would like to have the brand new shiny home with all the latest bells and whistles, but we need to keep reality in the picture.

Sometimes its best to settle for the…

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