Kelowna Real Estate Stats – August 2014

The positive trend continues in the Central Okanagan!  

Year to date sales were 3,743 (3,067 last year to date) – a 22% increase, and August sales were 548 (444 last year) – a 23% increase!

Apartment strata sales are up 34% (712 sales this year compared to 531 last year).  The inventory in this sector  has dropped 29.5% (from 822 units to 579). Very good news as this sector was over-supplied.   Townhome sales increased 33%  (419 to 560).  

Listing inventory continues to adjust with a total of 3,822 units on the market compared to 4,540 last August – a drop of 15.8%.  There are 1,257 single family homes on the market now compared with 1,477 last year (a 15% decrease).  In the $300,000 to $400,000 price range inventory is getting hard to find, with multiple offers now commonplace.

NOW is a great time to sell – or buy – in this positive market!

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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