New Year Starts With A More Balanced Market!
Kelowna 144 single family homes sold in January despite the cold weather. We are down 16% from January last year. The inventory for single family homes is at 933 which is up 22 % from January 2007. The average price of the single family residential units currently FOR SALE is $694,000. Our SOLD average price is $483,784 for the month, up from last January by 9.6% which was $441,269. The average price for the year of 2007 was $477,000.

 
Major Cities Report
Victoria: Strong Real Estate Sales Mark Start To 2008
Vancouver: New Listings Rise To Start The New Year
Kelowna: New Year Starts With More Balanced Market
Calgary: Resale Market Remains Balanced In The First Month of 2008
Edmonton: Resale Housing Sales Strong in January
Winnipeg: January Sales Up 3%; Dollar Volume Jumps 15%
Toronto: Resale Housing Market Solid In January
Single Family Average Price 2000 - 2008



 
Number of Sold Single Family Dwellings 2005 - 2008



 
Single Family Listing Inventory 2005 vs 2006 vs 2007 vs 2008

 
Feature Property
 
Immaculate 55+ Rancher Townhome

2 Bedrooms | 1 Bath | 1066 Sqft. | $249,800

Rutland South - #9-200 Gerstmar Rd.

Fast possession possible. Enjoy living in this immaculate spacious and bright 2 bedrooms +den rancher townhome. It is conveniently located within walking distance to shopping and all the amenities. Includes 6 appliances, in-unit laundry, covered patio, and carport with extra parking stall. Gerstmar Place is a 55+ community. More pictures and tours at www.wolfhomes.com.