Watch as Darcy Nyrose discusses current Kelowna real estate market activity from July 2021, compares it to June 2021 and July 2020 as well as takes a look at what's to come in the coming months and years. What affect will the incoming development boom have on the real estate market? Why will today's rising construction costs and high lot prices affect tomorrow's market? Watch and find out.
Here's your 'by the numbers' quick snapshot of what's happening in the Kelowna real estate market and across the Central Okanagan. We saw a dip in active Condo listings over June and we continue to be well-below last year's numbers. For Townhomes and Single Family Homes, we actually saw more active listings hit the market vs June; however, like with Condos we're still well-below last year. And, with a low number of active listings, pricing continues to increase across the board over last year.
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.