Is Kelowna’s market going to pick up?


Kelowna Real Estate News March 2020 Is Kelowna's market going to pick up? Right now, it's holding steading, but with Vancouver's sales up 45% over last year and stories of 30+ offers on one home last month, we suspect that in 3-6 months we will start to see Vancouverites coming to Kelowna in larger numbers again. They were responsible for up to 20% of our buyers in recent years. As for Corona Virus, at this point, we haven't seen any tangible impact on sales; people are still moving. Single Family Homes continue to teeter between a buyers market and a balanced market. The 122 sales that took place are below the 10-year…

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Kelowna Real Estate News


Kelowna Real Estate News January 2020 Single Family Home sales are up 45% over last year, which is great news, but still in line with sales in 2013-2014 years when the market was quite flat, which is no surprise. As the weather starts to warm up, we will see how the market shapes up this spring. Townhomes continue to do well, many of the new complexes that are being built have not been listed on MLS yet, so we anticipate the listing numbers to increase throughout the year. Townhomes have slipped into a buyers market, which isn't unexpected for January. Apartment/Condos, same as townhomes, these have…

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Sales skyrocket over December last year, and listings continue to slowly fall.


Kelowna Real Estate News December 2019 Sales skyrocketed over December last year, and listings continue to slowly fall. With December and January being to the two slowest months of the year, the market is holding up surprisingly well! However, we are worried that may not continue.  Watch our forecast video to learn more. Single Family Homes are doing very well for this time of the year! Sales in the second half of 2019 have surpassed 2018 almost every month and listings have continued to fall.  This makes a recipe for a healthy market going into 2020. Townhomes continue to outperform the 10 year average for sales, as they…

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Are Condo Prices Falling?


Kelowna Real Estate News November 2019 A balanced market is a happy market, unless you're selling a property in the higher end of the segment, then it's a tough market. Single Family Homes continue to hang on to a balanced market and are following close to 2018's fall market with little change. As is typical with the coming months, we expect the market to slow in December and January. The market over $1 million dollars is still quite slow with only 6.8% of the listings selling. With 77% of the sales taking place under $800,000, this is where all the action is. Townhomes are in a similar situation with 83% of…

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