June 2018: What is happening to Kelowna Real Estate?


    What is happening to the HOT market we had? Our 4th and 5th win! We are so incredibly proud to be a part of such a vibrant community and we are grateful for your continued support. Thank you for your help! Kelowna Real Estate News June 2018 Where are we going in the Kelowna Real Estate Market? Kelowna did slow down, but is certainly not stalling. For single family homes, we are no longer in a seller's market, but with over 20% of inventory selling and the average price holding steady at over $700,000, we are very well positioned in a…

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April 2018: Signs of a shift in Kelowna Real Estate?


Kelowna Real Estate News April 2018 Are these the signs of a shift in our market?  Compared to 2017, March sales were down over 20%, and surprisingly, townhome sales were down a staggering 38%! Listings are up over 20% in all segments. As the old saying goes "supply and demand regulates the price", and this is no different. Although our average price reached $734,197 and is the highest it's ever been, it looks like our market is poised to slow down.  Will we end up staying in a balanced market, or will we land in a buyers market? Time will…

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March 2018: Kelowna Spring Market As Expected?


  Kelowna Real Estate News March 2018 The Kelowna real estate market (from Peachland to Oyama) experienced a definite slow down in sales for February with the only exception being apartments. We all heard about the increase in qualifications for mortgages, interest rate and tax policies. Property sales typically increase month over month from December/January building towards May. This year, that trend is not appearing. As we monitor the sales this March every day, we are not noticing much of an increase in activity yet and are hoping that the last third of the month will be stronger. At this point, the sales forecast isn't as good as we'd…

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