Kelowna Real Estate Market Stats - August 2016

The Okanagan Mainline Real Estate Board (OMREB) reports residential sales in the region spanning Peachland to Revelstoke were fewer this past month at 1020, as compared to July sales of 1042 posted to the Multiple Listing Service (MLS®), down just 2.1% from the previous month but still a 25.8% increase over August of last year.

 Key Single Family Residential Market Stats for the Central Okanagan:
  • 419 new listings 
  • 303 sold listings 
  • 44 average days to sell 
  •  $616,480 average single family residential price (up 16% from  this time last year!)
Grant Waidman notes that while the number of transactions was lower for August than compared to July activity in the Central Okanagan market has increased significantly since this time last year.  Demand is still very present in today’s market so 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. 
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Kelowna Real Estate Market Statistics - August 2016