Kelowna Real Estate Market Stats - January 2016

(February 11, 2016 )

The Okanagan Mainline Real Estate Board (OMREB) reports that MLS® residential sales posted that sales were up 13.6% from January 2015 marking the strongest consumer demand in January since 2008!

A few notable single family residential stats for the Central Okanagan from January 2016: 
  • 252 new listings
  • 86 sold listings
  • 77 average days to sell 
  • $529,908 average single family residential price (up again!)
Kelowna real estate expert Grant Waidman confirms that the Okanagan is still experiencing shortages with listing inventory and urges homeowners that are thinking of selling to reach out to him to learn how these tightened market conditions can affect their 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 January 2016
*All statistics are based on Central Okanagan Residential listings as published by OMREB.