Kelowna Real Estate Market Stats - September 2016

(October 11, 2016 )

 The Okanagan Mainline Real Estate Board (OMREB) reports residential sales in the Okanagan slowed in September, with 884 sales posted to the MLS® as compared to 1020 the previous month, down 13.3% from August but still a 25.4% increase over September of last year. 
 Key Single Family Residential Market Stats for the Central Okanagan (Peachland to Lake Country):·        373 new listings ·        276 sold listings ·        29 average days to sell ·         $623,092 average single family residential price  Kelowna REALTOR® Grant Waidman states, “while these statistics show minute signs of the market slowing this is likely to be caused by the typical seasonal change we see in September coupled with our low inventory.  We are still faced with a market where there are more buyers than homes to buy.” According to OMREB’s recent Buyer Survey the largest buying groups are two parent families with children from within the Okanagan and first time buyers. If you are thinking of buying or selling in the Okanagan be sure to contact the Grant Waidman Group to learn how they can help.  For more information visit www.gwgkelowna.com
Kelowna Real Estate Market Statistics - September 2016