News
Highest Sales in over 30 Years!
Kelowna Real Estate News December 2020 Stats Single Family Homes 47% of listings selling As we all know, this market has been breaking records since July. Listings for December were the lowest they’ve been in the 20 years of data available, and sales are the highest they’ve been with the 30 years of sales data we have. […]
January 19, 2021
News
It doesn’t get hotter than this!
Kelowna Real Estate News November 2020 It doesn’t get hotter than this! October in Kelowna continued to surprise with unprecedented growth in sales and off the charts numbers. The % of Listings That Sell chart below says it all. The arrows don’t even fit! We have never seen anything this hot before, nevermind in a month […]
November 12, 2020
News
Kelowna Real Estate Update – Broken Records!
Kelowna Real Estate News October 2020 RECORDS BROKEN! HOT HOT HOT! Wow, once again, an unbelievable month for Kelowna in September. Our spring market was delayed to the summer and has started to spill into the fall with no signs of letting up yet. Single Family Homes The previous record for sales in September was in […]
October 21, 2020
News
Kelowna Real Estate Update
Kelowna Real Estate News September 2020 Well it’s not too surprising, Kelowna’s single family home market has continued to be very strong, with August being another record month in a sellers market (see ‘% of Listings That Sell’ graph below).Single Family Homes Looking back to 1991, this was most sales for any August in Kelowna’s history with […]
September 17, 2020
News
Kelowna’s Real Estate is Fired Up!
Kelowna Real Estate News August 2020 Wow, what a month for July! Kelowna broke several records last month. Sales for townhomes and single family homes are up tremendously, with listings staying in check. The condo/apartment market is currently lagging behind.Single Family Homes This was the best July in the history of Kelowna for sales with 336 homes selling, that’s over […]
August 14, 2020
News
Kelowna Real Estate Update
Kelowna Real Estate News July 2020 Buyers are back in great numbers but listings haven’t caught up yet and are still down 20% Single Family Homes Wow! How the wind has shifted overnight! I don’t think anyone saw this coming, but in one month, sales have gone from 50% under the 10 year average (139 sales in May 2020) to 261 […]
July 10, 2020
News
Kelowna Real Estate Market Update
Kelowna Real Estate News May 2020 As expected, May sales continued to be significantly impacted by COVID 19 in all segments of the market. Although all segments of the market are still technically in a buyers market, it stillfeels more like the market is “on hold”. With fewer homes for sale, the buyers that are actively searching are having […]
June 11, 2020
News
Kelowna Real Estate Update
Kelowna Real Estate News May 2020 As expected, April sales were significantly impacted by COVID 19 in all segments of the market.The good news is that listings are down, and we saw 47% fewer properties being listing in April 2020 compared to 2019. At this point, we haven’t seen a big impact on prices, especially in the […]
May 7, 2020
News
Market Update in Kelowna Real Estate
Kelowna Real Estate News April 2020 The following information is to be taken with a large grain of salt as the recent COVID-19 impacts are not realized in these stats. More on that below.Single Family Homes sales appear to be healthy! Sales numbers are up almost 1/3 over 2019, we’re in a happy healthy balanced market, listings are […]
April 8, 2020
News
Kelowna’s Real Estate Market amidst Covid 19?
How is Coronavirus affecting Kelowna’s Real Estate Market? March 26 2020 As I am sure most people expect, the market has slowed significantly. We are still having a few showing requests, and the market is still moving. Since it’s too soon to see the impact on sales numbers, I reached out to our office manager at RE/MAX Kelowna […]
April 7, 2020
News
Is Kelowna’s market going to pick up?
Kelowna Real Estate News March 2020 Is Kelowna’s market going to pick up? Right now, it’s holding steading, but with Vancouver’s sales up 45% over last year and stories of 30+ offers on one home last month, we suspect that in 3-6 months we will start to see Vancouverites coming to Kelowna in larger numbers again. They were responsible for […]
March 12, 2020
News
Kelowna Real Estate News
Kelowna Real Estate News January 2020 Single Family Home sales are up 45% over last year, which is great news, but still in line with sales in 2013-2014 years when the market was quite flat, which is no surprise. As the weather starts to warm up, we will see how the market shapes up this spring. Townhomes continue to do […]
February 13, 2020