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I have listed a new property at 265 Fir Court in Kelowna. See details here Welcome to 265 Fir Court, a meticulously maintained townhome ...
READ POSTI have listed a new property at 265 Fir Court in Kelowna. See details here Welcome to 265 Fir Court, a meticulously maintained townhome ...
READ POSTStats for mid month November 2024 indicate that days on market are up over last year to 61 and months of inventory, and indicator for ...
READ POSTI have listed a new property at 580 Denali Drive in Kelowna. See details here Beautiful Lake, City and Mountain views from this 5 bedroom, ...
READ POSTI have listed a new property at 465 Okaview Road in Kelowna. See details here Located in sought after Upper Mission on a 0.4-acre lot ...
READ POSTI have listed a new property at 104 2550 Hollywood Road in Kelowna. See details here Former show home. Open floor plan with vaulted ...
READ POSTI have listed a new property at 265 Fir Court in Kelowna. See details here This once can be yours: Townhome with no monthly strata ...
READ POSTStats for mid month November 2024 indicate that days on market are up over last year to 61 and months of inventory, and indicator for supply and demand, is at 8 months. Good news is that the median residential sale price is down only 2% over October 2023 at $930,000.
The next Bank of Canada interest rate announcement is set for December 10, 2024. We will update your as soon as the rate change is announced.
Located in a family friendly neighbourhood with lots of new homes. This lot is ready to go. Don’t miss out on this opportunity. Get all the deails at Central Okanagan Homes website.
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A. MacDonald
Dulcie was terrific to work with when we were looking for a new home in Kelowna. It was a crazy time in the home buying business but we found the perfect home and Dulcie helped us with every little detail so that we felt very confident throughout the process. I would recommend her to anyone who wants peace of mind as they go through the normally stressful process of buying a new home.
Residential real estate across the region from Revelstoke to Eastgate Manning Park and into the South Peace River region finished off the year with record-high sales, reports the Association of Interior REALTORS®.
Residential sales for the entire Association region for December 2021 saw a downtick of 25% over December 2020, clocking in at 654 units sold while still surpassing the previous recorded historical high.
“Even with a typical seasonal slowdown, sales across the region surpassed 2016’s record high,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “the lack of supply continues to be a challenge for buyers as inventory lags behind demand.”
The supply of active residential listings saw a drop of 40% across the Association region compared to the 2,894 active listings during December 2020, with new listings also showing a 24% decrease over December 2020s 695 units.
“The number of active listings continues to fall short of buyer’s demand at historical levels, making it unlikely for buyers to see a softening on prices as we head into the new year,” says Heizmann.
The benchmark price for homes in the Central Okanagan, North Okanagan, South Okanagan and Shuswap/Revelstoke regions closed the year with double-digit percentage increases in year-over-year comparisons across all home categories.
In the South Peace River Region, where benchmark pricing is not available, the average price for single-family homes and mobile homes increased 44.5% and 56.9% respectively.
For more information regarding your area, please contact us.
All the best,
Dulcie & Eric
Residential sales for the entire Association region decreased 10% over the same month last year, clocking in at 1,063 residential sales in November. This was also less than October’s 1,115 sales.
“It is typical as we approach the holiday season to see residential sales slowdown within the real estate market,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “the lack of homes available for purchase is certainly adding to the slowdown.”
The inventory, or supply of active residential listings was down 39% across the Association region compared to the 3,574 active listings during November 2020, while the 916 new listings for November came in at 10% lower than last year November’s units.
“As we have seen, there has been a persistent drought of inventory in the market all year as new listings are just not coming on to market quick enough to meet demand,” says Heizmann.
The benchmark price for homes in the Central Okanagan, North Okanagan, South Okanagan and Shuswap/Revelstoke regions have been consistent with double-digit percentage increases in year-over-year comparisons in all home categories.
In the South Peace River Region, where benchmark pricing is not available, the average price across all property types increased compared to the same time last year.
Contact Eric or Dulcie at Central Okanagan Homes to find out more about the real estate market and how we can help you achieve your real estate goals.