Kelowna Real Estate Stats – July 2016
CENTRAL OKANAGAN JULY 2016
The red-hot market continues! Year to date there have been 4,634 unit sales (3,498 last July). Single family detached home sales number 2,120 (+25% over last July), strata apartment sales total 969 this year to date (+45%), and townhouse sales came in at 969 – up 26% compared to last July.
There are only 777 single family detached homes on the market now – a 33% decrease from last year. Homes in certain price ranges can be hard to find. The average single detached home is now $589,000 – up 16% from last year.
We expect more buyers moving here from Vancouver, partly because of the new 15% property transfer tax for non-residents in that city. All this means that it’s a great time to list your home for sale!
For more information please click here, and feel free to give me a call to discuss.
By Mark Gidden
“Proud to be the recipient of Macdonald Realty’s top award from 2008 to 2016”
Macdonald Realty Kelowna
Cell – 250 878 1113
Professional Home Builder to Award-Winning Realtor®