We were BUSY here at Nyrose & Associates and hustled to put up SOLD signs and help our buyers find their perfect homes. Across the Central Okanagan Sales Numbers were up compared to previous months this year; however, prices in the townhome and condo markets fell slightly.
What does this mean? Well, market activity only really affects you when it’s time for you to buy or sell. That’s why it’s important to compare prices and sales when you bought your home vs. when you planned to sell. For instance, if you bought at the peak of 2018, you might want to hang onto your home a while longer; however, if you bought a few years ago, you should have built some equity in your home.
It’s officially a buyers’ market. But it doesn’t mean bad news for our sellers. Homes are selling and when priced right, we’re still seeing multiple offer situations and quick sales too.
It’s June now, and with that you can hear the sound of new construction around some of Kelowna’s most popular neighbourhoods. There are some fantastic new home options for buyers currently and on the horizon.
Here at Nyrose & Associates, we’re proud to provide the sales & marketing services for a number of new townhome and condo projects from West Kelowna right through to Lake Country. For more information on these developments call 250-258-9888.
Currently selling in Lake Country
Currently selling in Kelowna
- Gyro Beach Townhomes
Whether you like these developments or are looking at other new home communities, it’s important to utilize the services of a REALTOR who is experienced in new construction as the process and details involved are different than in resale.
Would you like more information on the market and how it relates to YOUR home? Get in touch: