Year to Date Prices up. Same for Market Activity скачать в хорошем качестве

Year to Date Prices up. Same for Market Activity

It was a smashup week with 39 residential sales being reported for the week ending December 14th. Seems pretty good considering the time of year. This is the same as last week’s 39 and up from the 35 recorded same week last year. Year to date numbers are a little more telling now that we have a lot more data to consider. So far this year we’ve sold 2,166 residential homes compared to 1,909 last year. That’s a 13% increase in units sold which is most welcome as demand is slowly returning to Kelowna’s housing sector. The median sale price so far this year is $957,000 which is up slightly (2%) from last year’s $940,000. Going way back ten years to 2015 there’s a stark difference in all these numbers. Sure, we’re living in a different world now but we sold over 3,000 homes that particular year at a median sale price of $480,000. Without getting too nostalgic it was just a different vibe. Sellers had it better then because houses sold faster and while nothing was guaranteed, normal houses in normal neighbourhoods always generated activity, showings, offers and ultimately sales. It was easier for buyers also, obviously, with prices half what they are now. We hope you’re reading this from somewhere hot and sunny, ideally on a beach. If not, and you find yourself in Kelowna over Christmas drop by the office and say hello. Thanks for reading. Andy and Kierra Andrew Smith 250-979-8066 (cell) 1-877-330-5884 (toll free) www.okanaganbc.com Royal LePage Kelowna 1-1890 Cooper Rd. Kelowna BC. V1Y8B7