Kelowna Real Estate Listings | View All
February 1, 2024
In this month's market report, Darcy talks about how Kelowna's spring market has come early. With the holding of interest rates, Buyers have re-ignited their search and Prospective Home Sellers have gotten their homes listed ahead of the typical spring market. This is good news to ensure stability within the real estate market over the next few months.
Condo inventory is up over last month and over 23% over last year. This is good news for buyers. Plus, it's anticipated that more condos that were short-term rentals in the past could hit the market this spring, if those investors are not interested in managing long-term rentals.
The average price of a townhome is down over this time last year, while inventory is up over 33%. This means buyers have more choice. This has resulted in a big increase in the number of sales over last month, and this time last year.
If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today!
