Kelowna Real Estate Market Stats - February 2017

(March 21, 2017)

Kelowna Real Estate Market Stats - February 2017

Residential sales across the region of Revelstoke to Peachland totaled 520 in February, an increase over January’s 353 sales, yet a 9% decrease over February of last year, reports the Okanagan Mainline Real Estate Board (OMREB). 

Key Single Family Residential Market Stats for the Central Okanagan:
  • 291 new listings
  • 190 sold listings 
  • 62 average days to sell (down again from last month)
  • $638,604 average single family residential price  
Kelowna REALTOR® Grant Waidman states, “Once again new listings are in demand; inventory in all housing categories has decreased compared to last year.  This past month we’ve seen a 21% decrease in new listings for detached homes with average pricing up 16%. Working with a reputable and proven REALTOR® is critical for both buyers and sellers in today’s competitive market.  If you are looking to buy or sell in the Okanagan be sure to contact the Grant Waidman Group to learn how we can help.”   

For more information visit www.gwgkelowna.com