News
August Real Estate Stats for Kelowna
While it's clearly still a buyers market, it’s intriguing to see these potential emerging trends of listing inventory peaking sooner and sales edging slightly higher. It’s much too soon to tell, but maybe, just maybe, next year we’ll be closer to a balanced market.
August 7, 2025
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July Real Estate Stats for Kelowna
For the most part, our market is hanging in there. Single family and townhomes are holding reasonably well, and when something is priced right, marketed properly and in a segment that isn't saturated, it can move quite quickly.
July 7, 2025
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June Real Estate Stats for Kelowna
In my 19 years of real estate, this continues to be the most fickle and unpredictable market I've ever experienced. We are still seeing a very wide range of activity on listings. Everything from multiple offers (I've been involved in 3 sets of multiple offers in the last month and almost twice more), to listings quiet as a mouse.
June 8, 2025
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April Real Estate Stats for Kelowna
I've seen it all this year in Kelowna's real estate market. Everything from multiple offers flying in over asking, to listings so quiet I had to double check they were still live! A mix of hot spots and cold caverns - an odd market to say the least.
April 17, 2025
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March Real Estate Stats for Kelowna
Kelowna's real estate market is in a funny place right now. Statistically, we're deep in a buyers market, but I'm seeing these little pops of activity in certain areas of the market where it feels like it's balanced or better! Homes that are priced right, in the right segment of the market, are still drawing lots of attention. I was in 2 sets of multiple offers in February, both of which went over asking. That is very unusual for a market like this when other properties aren't getting any action at all.
March 10, 2025
News
January Real Estate Stats for Kelowna
Kelowna Real Estate News January 2025 Edition OVERVIEW Where is Kelowna's market headed for 2025? It's a question that everyone wants to know. Surprisingly, we had a strong October and December for sales when compared to our 10-year average. Listings, while still high, seem to be maintaining, and we havn't experienced a big flood of inventory which is positive news. Let's break down the stats
January 10, 2025
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December Real Estate Stats for Kelowna
Is the market about to take off this spring again with the interest rate changes? It's a question I've had many times recently. Let's see look at the data. First, great news that the Bank of Canada lowered its overnight rate by another 0.50% this week. While that doesn’t impact fixed rates, those with variable rates will be extremely happy with the move. However, interest rates aren't the only factor to determine a market. To know the future, we look to the past.
December 10, 2024
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November Real Estate Stats for Kelowna
After the worst September in a decade, October bounced back STRONG with sales up 60% over last year for single family homes, and 32% higher for townhomes. This wasn't just Kelowna, this happened across the country! Is this the start of the market turning around, or just a blip of positive sales?
November 10, 2024
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October Real Estate Stats for Kelowna
The market moved deeper into a buyers market in September making it the worst September in the last decade due to fewer sales and more properties to choose from. However, October has felt an uptick in sales so far, we’ll be curious to see how it shapes up.
October 10, 2024
News
September Real Estate Stats for Kelowna
While Kelowna's market slowed in August, making it one of the slowest Augusts on record, many sellers are patiently waiting for the market to rebound rather than adjusting their prices. This has created some excellent buying opportunities, especially in specific segments and price ranges.
September 10, 2024
News
August Real Estate Stats for Kelowna
July was similar to the previous quarter, maintaining it's course with no big gains or losses.
August 10, 2024
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July Real Estate Stats for Kelowna
June didn't stray from May's direction, and that wasn't positive. June's market was very slow, even for the townhome market that was showing the most promise and activity. It looked for a moment this spring like we might step up into a balanced market, but it has slowed tremendously and has pulled back to a buyers' market. The good news is that prices seem to be holding relatively steady.
July 10, 2024