Kelowna’s Real Estate is Fired Up!


Kelowna Real Estate News August 2020 Wow, what a month for July! Kelowna broke several records last month. Sales for townhomes and single family homes are up tremendously, with listings staying in check.  The condo/apartment market is currently lagging behind.Single Family Homes This was the best July in the history of Kelowna for sales with 336 homes selling, that's over 100 more properties selling than the July 10-year average, and 50% more than last year! We also saw the highest average price ever at $812,000; $30,000 more than the previous record set in mid 2018. We are seeing multiple offers again and properties selling extremely quickly, but we…

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Kelowna Real Estate Update


Kelowna Real Estate News July 2020 Buyers are back in great numbers but listings haven't caught up yet and are still down 20% Single Family Homes Wow! How the wind has shifted overnight! I don't think anyone saw this coming, but in one month, sales have gone from 50% under the 10 year average (139 sales in May 2020) to 261 sales in June, (over the 10 year average).  Sales in June were even up 20%+ over June 2019. Multiple offers and properties selling over asking price are no longer a thing of the past. With 24% of the listings selling, we are on the verge of a…

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Kelowna Real Estate Market Update


Kelowna Real Estate News May 2020 As expected, May sales continued to be significantly impacted by COVID 19 in all segments of the market. Although all segments of the market are still technically in a buyers market, it stillfeels more like the market is "on hold".  With fewer homes for sale, the buyers that are actively searching are having a hard time finding what they're looking for right now. However, the market is slowly feeling more and more active.  I was in a 4-way multiple offer yesterday on a $900,000 property in Lake Country; not something you typically see in a slow market. Forecasts…

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Kelowna Real Estate Update


Kelowna Real Estate News May 2020 As expected, April sales were significantly impacted by COVID 19 in all segments of the market.The good news is that listings are down, and we saw 47% fewer properties being listing in April 2020 compared to 2019. At this point, we haven’t seen a big impact on prices, especially in the lower price points of each segment (type of property). Although all segments of the market are technically in a buyers market, it feels a little more like the market is "on hold".  With so few new listings coming online, the buyers that are actively searching are having a…

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