Kelowna Real Estate Listings | View All
This month's numbers continue to show a HOT market! It's interesting to compare May 2021 to May 2020 - last May we were seeing what we were anticipating to be a 'covid effect' - a massive slow-down in all activity as we all stayed home etc. But, what we learned is that COVID-19 would not / could not slow down the Kelowna real estate market. And as we headed into summer last year - the market saw massive improvements!! And it hasn't stopped. We're still low on listings and we're still seeing prices increasing. As Darcy chats about in his market video update, it will be interesting to see what this summer holds.
Watch as Darcy Nyrose provides some insight on the current real estate market and what happened in May 2021:
Here's your 'by the numbers' quick snapshot of what's happening in the Kelowna real estate market and across the Central Okanagan. We are seeing differences in micro-markets, so if you're looking to sell or interested in buying in a specific neighbourhood, let's chat! We will zoom right in to show you what's happening in the market-niche you're interested in.
In terms of inventory, we saw an increase in inventory in the Single Family Homes and Townhomes markets over April 2021. But inventory numbers across the board are still down over last year.
There were very few homes sold in May 2020 so we're seeing big increases in numbers over last year. When comparing to last month, there were less sales across the townhomes, condos, and single family markets.
We continue to see price increases in condos, townhomes and single family homes.
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.
