Kelowna Real Estate Market Stats - January 2017

(February 17, 2017 )

Kelowna Real Estate Market Stats - January 2017

Residential sales across the region of Revelstoke to Peachland totaled 353 in January, consistent with a year ago when 334 homes were sold, yet a 22% decrease over the 453 sales in December, reports the Okanagan Mainline Real Estate Board (OMREB).

Key Single Family Residential Market Stats for the Central Okanagan (Peachland to Lake Country):
  • 197 new listings
  • 103 sold listings 
  • 65 average days to sell
  • $605,697 average single family residential price  
Kelowna REALTOR® Grant Waidman states, “Sales of single family homes increased by 20% over this time last year while new listing inventory decreased by 22% meaning that we continue to be faced with a market where there are more buyers than homes to buy…so sellers are in demand!”   

If you are looking to buy or sell in the Okanagan be sure to contact the Grant Waidman Group to learn how they can help.  For more information visit www.gwgkelowna.com