October. 1, 2024
Buyers, it is still your market! Now is a great time to buy. With a good amount of inventory, a dip in average sale price, and interest rates going down, it's a good time to consider purchasing in Kelowna.
In the Kelowna Condo Market, Listings are done over last month; however sales are up slightly. The average sale price has remained fairly consistent in September over August but is down 13% over last year.
For the first time since January 2024, the average sale price of a townhome dipped below $700,000. Sales volume was down over August, and inventory was up.
If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today!