We're seeing record low inventory combined with winter-record sales and the months of inventory available is at 2 months, which is another record low. What does this mean? It's a fantastic time to be a home seller right now - if you are selling your investment properties OR have another place to live. Buyers have […]
January's market numbers illustrate a classic case of supply and demand. For the past two months, we've seen the lowest numbers of active listings in the past ten years. When it comes to the number of sales, January 2021 had the highest number of sales for a January in the past ten years. It's driving […]
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 […]
Kelowna Real Estate Market Update - Here's What Happened in November 2020 What a year it's been! When the global pandemic first began to shut down businesses and keep people close to home, nobody really knew what to expect. Many thought that real estate, like most other industries, would slow down. Here in Kelowna, it […]
Kelowna Real Estate Market Update - Here's What Happened in October 2020 Wow! Once again, the real estate market is HOT. Listing inventory is down (over last month and last year) and prices are up substantially over last year, though holding fairly steady to September 2020. And, the number of sales happening isn't typical of […]
Here's What Happened in September 2020 For the past couple of months we've been commenting that the Kelowna real estate market is HOT. September was no different. In the Central Okanagan there were 792 Sales in September. In the past 5 years, the only time we've seen more than that was back in May and […]
Kelowna Real Estate Market Update - Here's What Happened in August 2020 Once again, we've had a record month in real estate. When looking at the past five years, for the second month in a row, we've seen the highest average sale price. The lowest average sale price across all categories was in January of […]
We've been experiencing some great HOT weather, with more hot days on the way. Well, our local real estate market has followed suit. What we've got is the best of Kelowna's summer coupled with the best of what typically looks like a hot spring market. It makes for busy REALTORS but when you love what […]
Kelowna Real Estate Market Update - Here's What Happened in June 2020 We were anticipating a market pick-up come June, and we were right. Prices were up. Sales were up. We're seeing more listings hit the market, and buyers are out-and-about looking for new homes. We're also seeing an influx of out-of-town buyers; some moving […]
