Wolf and Colin Krieg talk about the sales increase of homes in Kelowna as well as the list to sell ratio now being so much higher due to 20% more sales and 18% less listings. This puts is in to a balanced market.
We also saw 85% of the sales of single family homes in Kelowna selling under $600,000 last month, and mostly around the $400,000 mark.
Condos, apartments and townhomes all did well last month. Apartments in Kelowna are just under a balanced market, while townhomes have broken through and are also in a balanced market.