Cold Weather, Hot Market
Cold Weather, Hot Market
While 2019 may have been off to a slow start, we certainly ended it strong. With lower inventory and higher sales than December last year, the market is looking a lot warmer than the weather heading into this new decade. All this, and the fact that homes sold faster on average in the Central Okanagan than the rest of the region, is setting us up nicely for 2020.
Not only is the market nice and active, but this year we can look forward to a lot of new properties entering the market, and creating plenty of opportunity for first-time buyers. With new development proposals continuing to roll in, Kelowna remains one of the most prospective markets in Canada.
Looking for the right moment to make your move? Whether you’re buying or selling there are a number of different ways to make the best of the current market, and I love talking strategy. Let’s get in touch and figure it out together!
Additional Reading
The Cost of Waiting
If you haven’t read my latest blog post yet, let’s bring you up to speed. Last month we talked about buyers and sellers both sitting on the fence, with buyers waiting for prices to soften and sellers waiting for stronger demand. But, here's the thing about fences -...
Both Sides of the Fence
March was a really positive start to the spring in the Kelowna housing market, with sales for townhomes, condos and single-family homes all showing increases compared to February. Coupled with this bump in sales activity, average and median prices for single-family...
Return of the Short Term Rental
After plenty of anticipation, short term rental restrictions may finally be changing in Kelowna. The question has recently shifted in a hopeful direction - from a matter of ‘if’ to a matter of ‘when’ - giving us plenty to keep our eyes on in the coming weeks and...
