August 2018: Kelowna is still breaking records?


  Is it too late to sell your home? Video Link   Kelowna Real Estate News July 2018 The Kelowna real estate market (from Peachland to Oyama) has slowed, and is now solid in a balanced market. The average price for a home in July 2002 was $205,000, in 2017 it was $675,000 and in July this year, it was $782,398. This is the highest ever! We're still breaking records! That being said, you can see below listings are up and sales are down. It will be very interesting to see what the fall will bring. The government is determined to…

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July 2018: Are We Headed For a Balanced Market?


  Kelowna Real Estate News June 2018 After the highs we experienced in the last few years, we are now seeing a shift towards a more balanced market. The current trend may be somewhat amplified by government intervention in the form of new mortgage rules, interest rate hikes and the specter of a speculation tax that could impact Kelowna and West Kelowna. June saw a 22% increase in the inventory of homes for sale over this time last year. Inventory continues to be relatively low by historical comparison. New listings are down 5% from May and just 4% over this…

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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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