Kelowna Real Estate Stats – April 2014

With the arrival of Spring and a more positive economic outlook,  April activity has been brisk!  

Total sales:  576 units –  last year was 406 units (+27%).  Residential sales  262 units – last year was 216 units (+21%).  Apartments were up 53% and townhouse sales were up 47%.   Days to sell was 83 compared to 93 last year.  Average single family sales price sits at $480,000 while the median is $441,000. 

As demand increases and lower-priced supply dwindles, these prices will increase. The combination of increased sales coupled with a lower inventory level will start putting pressure on supply under $500,000.  This year to date, $582 million has been invested in real estate compared to $436 million last year – an increase of 33%.  With the arrival of Spring weather and low interest rates, now is the time to buy or sell!

 For more information please click here, and feel free to give me a call to discuss.

By Mark Gidden
Top Producer 2013
Macdonald Realty Kelowna

Cell – 250 878 1113
Toll Free – 1 888 289 7096
Fax – 250 860 1600
http://www.gidden.ca

Professional Home Builder to Award-Winning Realtor®

 

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