Kelowna Real Estate Listings | View All
One year ago, we were 1.5 months into our 'stay-at-home' adventures and uncertainty was in the air with everything - including real estate. Earlier in 2020 we were forecasting a hot year, but then came Covid-19 and all bets were off. Except, people will always want to live here - and as people stayed home, even more people wanted to live here. And many of those already lucky enough to call Kelowna home, were looking for new opportunities (a yard, a bigger home, a swimming pool, a home office etc.).
It's the story we've been telling since - Kelowna's real estate market is HOT. There are not enough listings on the market to balance things out, and we're seeing a lot of multiple offers, quick sales, and record-high prices.
Watch as Darcy Nyrose provides some insight on the current real estate market and what happened in April 2021:
Here's your 'by the numbers' quick snapshot of what's happening in the Kelowna real estate market and across the Central Okanagan. Like always, we can see differences in micro-markets, so if you're looking to sell or interested in buying in a specific neighbourhood, let's chat! We can zone right in to show you what's happening where you live, or want to live.
We saw a 9% increase in single family home listings in April (over March) but were down 46% over April last year. Townhomes active listings held steady from March, but were down 46% from April last year. There were 2% fewer condos listed in April over March, but active condo listings were down 36% over April last year.
There were fewer homes sold in April over March across the board, but massive increases over April 2020. Single family home sales were down 4% over March but up 307% over April 2020. Townhome sales were down 14% over March but up 2017% over April last year. Condo sales numbers were down 7% over last month but up 573% over April 2020.
Sales prices have held fairly steady over March 2021 but we've seen substantial increases year-over-year when looking at April 2020. Single Family Home prices increased 0.5% over March but 39% over April last year. Townhomes saw a 0.06% increase over March but a 28% increase over last year. Condos increased 1.4% over last month but 30% over April 2020.
What does this mean? Experience counts in any market, but especially in one where multiple offers are involved.
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.
