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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Condo Sales Dropping? Kelowna Real Estate


Kelowna Real Estate News October 2019 Summer has come to an end, and fall is here! All in all, the market is doing quite well, in a balanced market for the most part, except for apartment/condos which had an unforeseen tougher September. Single Family Homes moved more towards a balanced market last month with almost 17% of the listings selling.  Sales are slightly over the average, and listings are slightly under the average, which puts single family homes in a healthy position with prices are holding steady under $900,000. Over $1 Million continues to be a tough market with only 8% of the listings currently…

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What Will Do Well This Year In Kelowna Real Estate


Kelowna Real Estate News September 2019 The market continues to be fairly flat, with strata properties outperforming single family homes, mostly due to affordability. Single Family Homes saw the percentage of listings that sell take a small step back to 15% again, putting it in a market that is teetering between a Buyers Market and a Balanced Market. With 75% of the SOLD properties being under $800,000 (54% under $700,000), the "more affordable" segment of the market is by far the most active. However, with 50% of the properties FOR SALE asking over $800,000, this continues to put pressure on the higher priced homes. Townhome sales continue to outperform the 10…

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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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