The Valley’s Heating Up
The Valley’s Heating Up
Thinking about buying or selling a home in the Okanagan? There has honestly never been a better time.
Last year we saw some unpredictable and unprecedented growth in the Okanagan housing market. With the economy being all but shut down early in the year, demand shifted from what would normally be a busy spring into red-hot fall and winter markets. This shift is also largely due to the lifestyle changes people are seeking out – moving away from urban centres into more open spaces with greater access to the outdoors and more affordable pricing on homes.
With this increased demand, plenty of new construction and development is happening in Kelowna and the surrounding valley. New apartments and city-style living are taking centre stage, giving a whole new culture and character shift to the town we know and love. Meanwhile, while housing inventory remains low, prices for single-family homes and properties of all types continue to rise with the surge in demand.
If the market seems daunting to you, I’m here to help 🙂 Let’s start the conversation about how to make the most of these market conditions and find the Okanagan dream home you’ve been looking for.
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...
