(December 11, 2015 )

The Okanagan Mainline Real Estate Board (OMREB) reports that MLS® residential sales for the month of November were up 21% from a year ago to 548 units. More homes were sold in the Okanagan last month than in any November since 2005 when 560 home sales were recorded.

A few notable single family residential stats for the Central Okanagan from November 2015:  
- 230 new listings 
- 154 sold listings 
- 74 average days to sell  
- $519,966 average single family residential price

Robust employment growth and rising wages in the province are helping to underpin housing demand and drive increased migration to BC from other provinces, most notably from Alberta. Historically low mortgage interest rates and an increasingly diversified housing stock are also contributing to home ownership options in the Okanagan.

Kelowna real estate expert Grant Waidman confirms “We are still experiencing shortages with listing inventory – if you are thinking of selling now is the time so be sure to give me a call as I have a lot of anxious buyers!”

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!

*All statistics are based on Central Okanagan Residential listings as published by OMREB.