Kelowna Real Estate Stats – June 2014

The Central Okanagan market contiues to be buoyant!  Some sectors of the market were similar to May, but up significantly from June of 2013.  Total sales were 606 (595  last month),  up 25% from last year’s 483.  Single family residential sales were 289 sales (293 last month), up 13% from last year. Apartment strata continues to surprise the market with 107 units selling in June (72 last June), an increase of 48%. Year to date this sector has recorded at 37% increase in unit sales. Townhome strata sales were 94 in June (an increase of 80% over last year).  This year to date, this sector is up 38% for unit sales.

Total inventory is down 13% from last year.  Most of the market activity takes place in the lower prices (under $500,00). The median price for single family residential stands at $449,000, which means that half the home sales are under that price (145 out of 289).  As well, any properties that are priced well are receiving lots of action in this brisk summer 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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