Current Market Update April 5, 2024
April Real Estate Stata for Kelowna
I think many had high hopes for March, myself included, that we might start to see sales picking up, but it wasn't as much as we'd all hoped. April and…
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Current Market Update March 11, 2024
March Real Estate Stats for Kelowna
As we move out of the two slowest months of the year (December and January), the market will start to build momentum. Listings have begun to ramp up, and we…
Current Market Update February 8, 2024
February Real Estate Stats for Kelowna
It’s no surprise that it’s been a slow winter, and January was no exception. There seems to be some pent up demand waiting for interest rates to drop 1.5% this…
Current Market Update January 15, 2024
January Real Estate Stats for Kelowna
December was a slow month for real estate sales. This rounded out 2023 to be the slowest year in over 10 years, 30% lower than average, the least sales since…
Current Market Update January 15, 2024
December Real Estate News for Kelowna
Unsurprisingly, Kelowna's slow market continued through November. We are deep in a buyers market where only the most attractively priced properties are getting any attention from buyers. I don't expect…
Current Market Update December 12, 2023
November Real Estate Stats for Kelowna
September's lack of momentum has carried through to October. Sales numbers are the lowest in 10+ years and listings are climbing, they are now over the 10-year average by at…
Current Market Update October 16, 2023
October Real Estate Stats for Kelowna
September was a tough month for our real estate market, just as August was a scary month for Kelowna and West Kelowna. The fire jumped the lake August 17 which…
Current Market Update October 5, 2023
September Real Estate Stats for Kelowna
The fires certainly had a profound effect on buyers and will be reflected in the sales numbers, but not as much in August's stats as September's. Our sales numbers effectively…
Current Market Update July 15, 2023
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…
Current Market Update June 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'…
Current Market Update April 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…
Current Market Update March 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…