Kelowna Real Estate Market Stats - May 2016

The Okanagan Mainline Real Estate Board (OMREB) reports the continuation of record breaking trends in residential sales, with sales of more than 1200 units posted to the Multiple Listing Service (MLS®) in May, up 35.5% from the same month last year.A few notable single family residential stats for the Central Okanagan from May 2016: 
  •  521 new listings
  •  426 sold listings
  •  46 average days to sell  (down again from last month)
  •  $601,288 average single family residential price (up again!)
Kelowna real estate expert, Grant Waidman, notes that clients can expect to see rising prices, short turn-arounds between when a property is listed and when it is sold, and situations where there are multiple offers on a listing. Now more than ever you need to have a professional on your side - if you are thinking of buying or selling be sure to contact the Grant Waidman Group to learn how they can help.
Kelowna Real Estate Stats for May 2016
*All statistics are based on Central Okanagan Residential listings as published by OMREB.