July Newsletter

June was an excellent month across all segments with condos and townhomes selling more than 25% of the listings, putting it in a sellers market. Single Family homes lagged a touch with only 21% of the listings selling. In all, it was a strong month.

July 15, 2023


June Newsletter

Kelowna's market continues to perform better than expected in May. The listing inventory is still slightly depressed and sales are climbing. This has pushed ALL segments back into a sellers' market for the first time in a year.

June 15, 2023


April Newsletter

We are now exactly 1 year after the peak of the market in March 2022 and it's the first time we've seen upward movement since. All segments have stepped up from a buyers/balanced market, firmly into balanced market territory, and condos even are dipping their toes into a seller's market.

April 15, 2023


March Newsletter

As we transition away from the historically two slowest months of the year, February saw listings and sales climbing together. This has resulted in a consistent 16% of listings being sold across the board, keeping us on the cusp of a balanced market.

March 15, 2023


February Newsletter

The stats from the first month of 2023 are out, and although they are painting a dire picture, the sentiment feels different. The last few weeks have not only felt busier but also seem busier. Many lower-priced properties have pending offers, even backup offers. I was involved in 2 sets of multiple offers in January as well - unexpected.

February 15, 2023


January Newsletter

When we look at 2022 as a whole, it wasn't too bad. Total sales were similar to 2018/2019 and listing inventory average was similar to 2016/2017. Comparing year over year for December, the benchmark price of all property segments is down 3%, not so bad! But comparing the year as a whole, or year over year, only gives us a false sense of comfort and isn't a true representation of the market.

January 15, 2023

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