Kelowna and Central Okanagan Real Estate Sales Review for May 2010 - 06/23/10 06:37 PM
Inventory levels continue to rise in the Central Okanagan real estate market.  The inventory level increases for each month from 2009 to 2010 are as follows: 
January 2010 = 15.50%  February 2010 = 23.65%  March 2010 = 27.29% 
April 2010 = 16.68%  May 2010 = 9.61%
If new listings coming onto the market continue to increase with slower overall sales, we could see another market correction and some downward pressure on pricing.  The simple law of supply and demand could mean that buyers will see their investment dollars stretch a little bit further than they did one year ago.  The month of June has seen several properties reduce their list prices … (0 comments)

June 2010 Real Estate Market Review of Central Okanagan MLS Listing Inventory - 06/23/10 06:25 PM
Current Active Central Okanagan MLS Listing Inventory as of June 22,2010:
Single Family Dwellings - 2354 properties including 8 pending offers ranging in value from $267,900 to $774,900  
Strata - Condos - 1201 properties with 2 pending offers of $229,900 and $399,900 respectively
Strata - Townhomes - 563 properties with no pending offers at this time
Manufactured Homes - 233 properties with no pending offers at this time
Timeshare/Recreation - 37 properties with no pending offers at this time
Lots/Acreages - 835 properties with no pending offers at this time
Total properties for sale - 5223 Current Listing Inventory
There has also been a recent trend in the last month of higher than normal demand on brand new vacant product.  This sudden surge of new … (0 comments)

 
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Jason Neumann Realtor® www.KelownaRealEstateNews.com

Kelowna, BC

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Century 21 Assurance Realty Ltd.

Address: #100 1634 Harvey Ave., Kelowna, BC, V1Y 6G2

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