Kelowna Real Estate Listings | View All
June 1, 2024
The weather dampened the May real estate market a bit, making it more difficult for our out-of-town buyers from the Lower Mainland and Alberta to make the drive over. How is the short-term rental ban and interest rates affecting the market? Watch this month's Kelowna Real Estate Market recap with Darcy Nyrose to find out more.
We have more condos for sale than this time last year and last month which means more selection for buyers. Sales are down over last year, but up over last month which is great to see the sales follow the inventory. The average price of a condo in the Central Okanagan is $486,119.
The most expensive condo sale in May was one located on Ellis which sold for $1,110,000. There were only 3 condos that sold over $1-million.
Townhome inventory is up over last year and last month, which is great news for townhome buyers, offering more selection to choose from. And while sales volume is down, the average price of a townhome in the Central Okanagan is up, averaging at $716,284.
The most expensive townhome sale was a townhome on Lakeshore, selling for $2,325,000. Only 4 townhomes sold over $1-million in May.
If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today!
