Kelowna Real Estate Listings | View All
If you are looking to buy or sell (or sell and buy) in Kelowna's real estate market, have a watch as Darcy Nyrose provides a market recap and insight into what happened in November, and how that compares to the last five years. Then, watch and see what he thinks 2022 will bring.
We're low on inventory which means now is a great time to sell your home. Yes, even though it's winter. In fact, with the typical winter slow down and our already low inventory, that means there is less competition out there and buyers are motivated. Give us a call at 250-258-9888 to learn how to take advantage of the current market.
Local buyers should also be able to take advantage of the winter season in real estate. For those that were finding it difficult to compete throughout the year, we should notice a slow-down with the out-of-town buyer group as winter road conditions, along with the road and access issues caused by BC's recent storms and flooding will make it harder for people to come and view homes at a moment's notice.
Here's your 'by the numbers' quick snapshot of what's happening in the Kelowna real estate market and across the Central Okanagan.
In the condo market inventory is down 52% over last year, sales are down only 0.6% over last year and the average sales price has risen to over $502,000
Townhome inventory is down 56% over last year, sales are down 37% over last year and the average sales price has risen to $692,420
In the single family home category we're down 23% in inventory over last year, 14% in sales but the average sales price has risen to $1,150,629.
If you're looking to buy or sell, put the experience of the Nyrose Team behind you - contact us today. We'd love to chat with you and help ensure you are in the prime position to take advantage of the current market.
