Pricing a home correctly in Kelowna’s current market requires balance. List too high, and the property may sit. Price too low, and you risk sacrificing value unnecessarily.
The process begins with recent sales — not asking prices — of comparable homes. Square footage, age, condition, location, and layout all matter. In today’s market, where inventory is higher than in recent years, buyers are quick to compare options and slow to chase overpriced listings.
Detached homes in Kelowna average around $1.09 million, but that figure doesn’t automatically justify pricing. Market momentum, buyer demand in your price range, and the condition of your home all influence what buyers are willing to pay.
With more choice available, accurate pricing has become even more important. Homes that launch at realistic prices tend to generate interest early, while overpriced listings often require reductions later — sometimes selling for less than if they’d been priced properly from the start.
A local agent with strong data access can identify where your property fits within current trends and buyer behaviour. Anthony Shephard of 2% Realty uses real-time sales data to help sellers price strategically while charging only 2% commission. Visit www.RealEstateShephard.com for personalized pricing guidance
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