May Real Estate News


Kelowna Market Gaining Momentum The heat has finally arrived! KELOWNA: The Kelowna housing market gained additional strength last month with a significant increase in sales along with firm prices. A total of 356 homes and other properties sold in May through the Kelowna Real Estate Board’s MLS®, down 6% from the 380 sales in May of last year. Prices in Kelowna have been stable around the $450,000 mark in the last few months, so house hunters should be making their buying decisions sooner rather than later to ensure that their buying power is not eroded by the rising prices. Listings…

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May Kelowna Real Estate News – April’s Statistics


Renewed Confidence in the Market Enjoy the blooming orchards! KELOWNA: As you may notice further down the page, the major cities in Canada all have improved markets which is good news for Kelowna as we benefit from migration. Undoubtedly, this market has been challenging for both buyers and sellers. Nevertheless, the improvement in recent months is an encouraging sign. This is evident due to a stronger sales-to-active-listings ratio of over 9% in single family dwellings. There’s more confidence in the housing market today than at the end of 2008 and prices have remained stable with some modest fluctuations up and…

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April Real Estate News – March Statistics


Moving Towards a More Balanced and Stable Market Happy Easter! KELOWNA: There’s more confidence in the housing market today than we were seeing late last year. Sales activity is rising as spring arrives, we noticed a big difference in the second half of March. We are happy to report that we are working with investors, first time buyers and also with out of town clients ready to buy. Prices remained very stable with a modest drop to $438,493 average for a single family home. The upper market is still very tight with only 20% of the sales over $500,000.  For properties…

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March News: February’s Real Estate Stats


Moving Towards a More Balanced and Stable Market KELOWNA: Wondering if the winter will ever end this year in Kelowna? We are sure it also has an effect on the activity in Real Estate. People are taking a ‘wait and see’ approach with buyers and sellers looking forward to the spring.  Here are 7 more reasons to call The Krieg Family! Nothing sold over 1 Million last month and still our average price came up from $412,000 in Jan 09 to $448,000 in Feb 09. Only 5 lots sold last month and CMHC is reporting only 11 housing starts in…

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