The Okanagan Mainline Real Estate Board (OMREB) reports residential sales in the Okanagan continue to be brisk, with sales of 1263 units posted to the Multiple Listing Service (MLS®) in June, up 38% from June of last year.
Key Single Family Residential Market Stats for the Central Okanagan:
- 460 new listings
- 403 sold listings
- 49 average days to sell
- $617,517 average single family residential price (up again from last month)
- 460 new listings
- 403 sold listings
- 49 average days to sell
- $617,517 average single family residential price (up again from last month)
Where are all these buyers coming from? A recent OMREB monthly survey of buyers shows that a significant majority of buyers are Okanagan residents at 58%, followed by 17% from the Lower Mainland or Vancouver Island, and 12% from Alberta.
Grant Waidman, local Kelowna REALTOR, notes that clients will still likely 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 it is imperative to have a professional on your side. 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.
*All statistics are based on Central Okanagan Residential listings as published by OMREB.
*All statistics are based on Central Okanagan Residential listings as published by OMREB.
