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Home » Kelowna Real Estate Stats - Market Update For Dec. 2020

Kelowna Real Estate Stats - Market Update For Dec. 2020

January 1, 2021

December 2020 saw the most homes sold for a December in the past 10 years. That tells us people are BUYING! Meanwhile, December 2020 saw the lowest number of listing inventory for a December in the past 10 years.

If you're buying, you have to be ready to act fast as many listings are going into multiple offer situations as soon as they hit the market.

And, if you're thinking of selling? Well, don't wait until spring. Now is a great time to stand out in the market.

December wasn't a typical December in real estate. Just look at the increases in homes sold and average prices! Over $1-million average price for a single family home? Well, that's what happens when a $20-million dollar lakefront home sells. And in December!

2020 may have been a year with many surprises, including a slowed down pace for many people. But in real estate, it was busy, exciting and saw a lot of action. Watch as Darcy Nyrose explains what happened in real estate in 2020, zeros in on December 2020, then looks ahead to 2021. He'll tell you WHY the average price was so high, and why, if you're looking to buy a single family home, you shouldn't automatically think you're priced out of the market. You'll also learn why NOW is the right time to sell and how to win as a buyer. It's a great real estate recap to cap off 2020. And, a great way to start the year.

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