Highest Sales in over 30 Years!


Kelowna Real Estate News December 2020 Stats Single Family Homes 47% of listings selling As we all know, this market has been breaking records since July.  Listings for December were the lowest they've been in the 20 years of data available, and sales are the highest they've been with the 30 years of sales data we have. So what's driving all of this?  We're still seeing a typical amount of homes being listed, but sales have been consistently 1.5x to 2x the average which continued to erode how many homes were for sale.  It dwindled more and more as the year went…

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It doesn’t get hotter than this!


Kelowna Real Estate News November 2020 It doesn't get hotter than this! October in Kelowna continued to surprise with unprecedented growth in sales and off the charts numbers. The % of Listings That Sell chart below says it all. The arrows don't even fit!  We have never seen anything this hot before, nevermind in a month like October where sales historically start to slow. Single Family Homes 53% of the listings sold in October. That's so high that it doesn't even fit our charts! October's previous record was 34% of listings selling in 2016. Kelowna's previous record was 49% of listings selling,…

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Kelowna Real Estate Update – Broken Records!


Kelowna Real Estate News October 2020 RECORDS BROKEN! HOT HOT HOT! Wow, once again, an unbelievable month for Kelowna in September. Our spring market was delayed to the summer and has started to spill into the fall with no signs of letting up yet. Single Family Homes The previous record for sales in September was in 2016, with 276 sales. The 10 year average is 187 sales.  Last month saw a jaw dropping 356 sales! Measuring the market based on the percentage of listings that sell, September was tied for the 3rd best of any month in Kelowna's history.  We are seeing multiple offers,…

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Kelowna Real Estate Update


Kelowna Real Estate News September 2020 Well it's not too surprising, Kelowna's single family home market has continued to be very strong, with August being another record month in a sellers market (see '% of Listings That Sell' graph below).Single Family Homes Looking back to 1991, this was most sales for any August in Kelowna's history with 317 properties selling. That's 1.5x the 10 year average of 207 sales, unreal. Listings have not begun to climb yet either and are more than 25% under the 10 year average. Lastly, our average price climbed just $4,000 over July's record setting month, which tells us buyers are continuing to spend more…

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