I had to take a quick side glance at the calender this last week to make sure it was November, as certain parts of the Kelowna Real Estate Market have remained busy during the last month.
We are still seeing ‘multiple offers’ on listings, and for one property, we were the first of 17 showings on a newly listed Lower Mission Home!
Buyers are still definately out there looking, and Agents are reporting Open House Visitor numbers are brisk.
Central Okanagan Real Estate Sales November 2016
|Date||Total||Single Family Homes||Strata||Lots||Manuf|
Sales continued to slow in November, with total sales down 23%, on last month,with Single Family Homes sales down 30% and Strata sales down 17%. Compared to this time last year total residential sales are up slightly by 7.4%.
I do believe sales would have been higher had there been more inventory available.
Looking at the Residential sales numbers for last month, sales were across all price ranges, with 19 sales over $1m and the largest sale was a $4,725,000 Lakeshore home in Lower Mission.
Kelowna Real Estate Forecast for 2017
The BC Real Estate Association has just posted its Forecast for the whole of BC for 2017. For those of you who are just interested in the Kelowna and Central Okanagan Real Estate Market, we have summarised and highlighted the relevant points on our Blog earlier in the week. Click on the attached link-;
Know anyone looking to Sell?
We have a number of Buyers who just can’t find the right property at the moment.
If you know anyone looking to sell the following, please let us know right away!
Newer 2 bedroom 2 Bathroom Condo Central Kelowna Up to $275,000. Can be Rented Out.
2 Bedroom Condo in Sitara on the Pond – Shoreline Drive Lake Country.
+55 Single Storey Rancher Old Vernon Rd 2 Bed 2 Bath preferably around 1300 square feet
Modern 2 Bedroom 2 Bathroom Condo Lower Mission, Central Kelowna or Kelowna North Upto $350,000. No Short Term Rentals.
If have any Real Estate questions we can help you with, as always, were are only a call or email away, or you can use the new “Live Chat’ feature on our Website!
Trish and Tanis Real Estate
Tel 250 863 8989