Kelowna Real Estate Market Stats - March 2017

(April 08, 2017 )

Kelowna Real Estate Market Stats - March 2017

Residential sales totaled 824 across the region of Revelstoke to Peachland, generally on par with sales this time last year and a 58% increase over February, reports the Okanagan Mainline Real Estate Board (OMREB). 

Key Single Family Residential Market Stats for the Central Okanagan (Peachland to Lake Country):
  •  423 new listings
  • 244 sold listings 
  • 45 average days to sell (down again from last month)
  • $640,513 average single family residential price (up again from last month)
 Kelowna REALTOR® Grant Waidman notes, “The market continues to heat up - inventory levels are low, average prices are climbing and the average days on market continues to decrease.  With multiple offers becoming more and more common it is imperative to partner with a reputable and proven REALTOR®.  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.”