News
Sales skyrocket over December last year, and listings continue to slowly fall.
Kelowna Real Estate News December 2019 Sales skyrocketed over December last year, and listings continue to slowly fall. With December and January being to the two slowest months of the year, the market is holding up surprisingly well! However, we are worried that may not continue. Watch our forecast video to learn more. Single Family Homes are doing very well […]
January 13, 2020
News
Are Condo Prices Falling?
Kelowna Real Estate News November 2019 A balanced market is a happy market, unless you’re selling a property in the higher end of the segment, then it’s a tough market. Single Family Homes continue to hang on to a balanced market and are following close to 2018’s fall market with little change. As is typical with the coming months, we expect […]
November 7, 2019
News
Condo Sales Dropping? Kelowna Real Estate
Kelowna Real Estate News October 2019 Summer has come to an end, and fall is here! All in all, the market is doing quite well, in a balanced market for the most part, except for apartment/condos which had an unforeseen tougher September. Single Family Homes moved more towards a balanced market last month with almost 17% of the […]
October 7, 2019
News
What Will Do Well This Year In Kelowna Real Estate
Kelowna Real Estate News September 2019 The market continues to be fairly flat, with strata properties outperforming single family homes, mostly due to affordability. Single Family Homes saw the percentage of listings that sell take a small step back to 15% again, putting it in a market that is teetering between a Buyers Market and a Balanced Market. With […]
September 18, 2019
News
Continuing in a Balanced Market
Kelowna Real Estate News August 2019 Our market overall seems to be in a healthy balanced market. The higher end of each segment is slower, but overall, it seems to be fairly steady. Single Family Home sales are in line with the 10 year average and are fairly consistent right now. Over 80% of the sales are under $900,000. Over $1 Million, the […]
August 13, 2019
News
Holding Steady – Kelowna Real Estate
Kelowna Real Estate News June 2019 The market is continuing the hold fairly steady across most ranges. As expected though, the prices in the higher end markets are sliding a touch, but all in all, the market is still teetering between a buyers and balanced market. Single Family Homes sales are down slightly from this time last year, and […]
August 13, 2019
News
Buyers & Sellers Market At SAME TIME?!
Kelowna Real Estate News May 2019 May is historically one of the strongest months of the year for sales, and we saw a better May than expected, which is great news! However, although overall the market looks balanced and healthy in the graphs further below, it is extremely segregated by price range, with each being their own market. Activity in […]
June 17, 2019
News
Single Family Homes Sales Have Continued to Climb
Kelowna Real Estate News May 2019 Single Family Homes sales have continued to climb, as is expected for this time of year. We are still 25% under the 10 year average for sales, which isn’t ideal. However, listings are 12% under the 10 year average, which helps sellers. 75% of the sales were under $800,000 in April, 15% between $800-$1M […]
May 9, 2019
News
The One Saving Grace For Kelowna’s Real Estate Market
April 2019 Strata’s continue to outperform Single Family Home sales this spring, but the average price continues to hold steady. To date, we are seeing prices in line with a year ago. Single Family Homes – ouch! March 2019 was the slowest March in 10 years, and only marginally better than in 2009. The saving grace is that there is only 60% […]
April 9, 2019
News
Townhome Listings Skyrocket!
Kelowna Real Estate News March 2019 Coming out of the two slowest months of the year, February was still a cold and snowy month which likely had an effect on inventory and sales numbers, but the average price is holding steady. We look forward to seeing what the warmer weather in March and April bring for activity. Single Family Home sales continue to […]
March 8, 2019
News
Why Are Condos Doing So Well?
Kelowna Real Estate News February 2019 January is typically one of the slowest months of the year, and this January was no different. We are currently in a buyers market across all property types. Single Family Homes only saw 80 properties sell in January. That is the 5th slowest January in 25 years for Kelowna. Although listings are 33% higher than […]
February 8, 2019
News
The New Normal for Kelowna Real Estate
Kelowna Real Estate News December 2018 Sales continue to slow as we move into December and January (the slowest time of the year). Single Family Homes have teetered on the edge of a balanced and buyers market for the last 5 months now. This appears to be the new “normal”. It is causing downward pressure on prices over […]
December 12, 2018