Kelowna Real Estate Market Stats - March 2016

(April 11, 2016 )

The Okanagan Mainline Real Estate Board (OMREB) reports 636 MLS® sales were recorded for the month of March, up nearly 24% from March 2015. While sales continue to increase new listings are not keeping up, these are down by 6%, bringing the current active listings down 17% over this time last year.A few notable single family residential stats for the Central Okanagan from March 2016: 
  •  486 new listings
  •  303 sold listings
  •  57 average days to sell  (down again from last month)
  •  $566,762 average single family residential price (up again!)
Kelowna real estate expert Grant Waidman confirms that consumer demand continues to surpass expectations  and inventory is low for all property types. If you are thinking of selling contact Grant Waidman now to learn how these tightened market conditions can affect your listing price and time on market.

Whether you are selling or buying a home, having a professional REALTOR® who is familiar with the area and your particular neighbourhood is key – unlock the door to your next Kelowna or West Kelowna home with Grant Waidman today. Make sure to contact the Grant Waidman Group to learn how we can  help save you time and money!
Kelowna Real Estate Stats for March 2016
*All statistics are based on Central Okanagan Residential listings as published by OMREB.