Continuing in a Balanced Market


Kelowna Real Estate News August 2019 Our market overall seems to be in a healthy balanced market.  The higher end of each segment is slower, but overall, it seems to be fairly steady. Single Family Home sales are in line with the 10 year average and are fairly consistent right now. Over 80% of the sales are under $900,000. Over $1 Million, the sales slow way down with only 24 of 450 homes available selling in the last 30 days. Townhome listings have come down significantly since June 2019 which have made July the best in 12 months. The 385 available properties, although slightly more than this time last year, are under…

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Holding Steady – Kelowna Real Estate


Kelowna Real Estate News June 2019 The market is continuing the hold fairly steady across most ranges.  As expected though, the prices in the higher end markets are sliding a touch, but all in all, the market is still teetering between a buyers and balanced market. Single Family Homes sales are down slightly from this time last year, and we are slowing starting to see inventory creep up, especially compared to the crazy sellers market days of 2016.  Average price is holding quite steady and we are anticipating this to continue throughout the rest of the year. Townhomes continue to do very well with almost 20% of…

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Buyers & Sellers Market At SAME TIME?!


Kelowna Real Estate News May 2019 May is historically one of the strongest months of the year for sales, and we saw a better May than expected, which is great news! However, although overall the market looks balanced and healthy in the graphs further below, it is extremely segregated by price range, with each being their own market. Activity in Past 30 Days Red/Orange is a hot sellers market, green is balanced, blue is a cool buyers market Single Family Homes are seeing the majority of their activity under $700,000 as it is what people can afford.  The higher the price, the less activity there is. Over $1M has seen an increase in…

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Single Family Homes Sales Have Continued to Climb


Kelowna Real Estate News May 2019   Single Family Homes sales have continued to climb, as is expected for this time of year. We are still 25% under the 10 year average for sales, which isn't ideal. However, listings are 12% under the 10 year average, which helps sellers. 75% of the sales were under $800,000 in April, 15% between $800-$1M and only 10% of the sales were over $1M. Home prices in the lower prices ranges are holding well, but prices in the luxury market are starting to slip. Townhomes are currently outperforming all other segments with 18.5% of the inventory selling for the second month in a row. Sales numbers are…

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