Strong Recovery in Kelowna Housing
Strong Recovery in Kelowna Housing
Surprise, everyone – despite 2020’s hectic turn of recent events, I have some good news!
Market sales in the Okanagan continue to exceed last month’s and last year’s sales, which means we’re right on our way to stabilizing housing amidst the COVID-19 pandemic! July saw a 30% increase in housing sales compared to last year, which is largely speculated to be because new buyers are looking for more spacious places to live now. After all, we do live in one of the best places you can find when it comes to outdoor lifestyles!
If June’s sales were a good sign, July’s were a great one. While the pandemic may have kicked the 2020 market off in an unstable way, it’s great to see that new interest in our beautiful area continues to support our housing economy and growth.
Looking to make a similar change for you and your family? Let’s talk about how to make sure you get exactly where you want to be and start living the Okanagan dream with the rest of us 🙂
Additional Reading
Warm Winter Market
As temperatures drop and the snow makes its way into the hills, the opposite seems to be happening for the Kelowna real estate market. Despite our low housing inventory, prices continue to rise! “Home prices in B.C. rose 19% year-on-year in October, but...
Enjoying the View
The last couple years have been both unpredictable and surprising for all of us, including the Okanagan real estate market. At a time when the world came to a halt, Canadians took this forced pause as an opportunity to re-evaluate their lifestyles and...
Soaring Sky High
Kelowna’s housing market continues to exceed all expectations moving into the fall. Inventories are at an all time low and outside interest has never been higher; a combined effect that continues to drive prices up, as well as new construction and...
