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Kelowna Property sales drop in November 2010

By
Commercial Real Estate Agent with BusCom Real Estate Services

Kelowna Property sales drop in November

There were fewer property sales in November compared to a year ago.

Overall sales declined from 128 in 2009 to 101 last month, a 21.09 per cent decrease. Total residential sales dropped by 19.64 per cent over last November to 90 from 112.

Year to date, residential sales are only off by 7.57 per cent from last year at this time (to 1,257 from 1,360).

“Home sales bottomed out in July and activity has trended upwards since then with current figures reflective of 2001 levels,” said Darcy Griffiths, with the Okanagan Mainline Real Estate Board.

“We remain cautiously optimistic going into winter. We’re anticipating that overall demand will improve along with steady economic recovery and ongoing employment growth.”

While motivation continues to be affected by consumer confidence, Griffiths says serious buyers are leveraging their purchasing power by taking advantage of selection, pricing and low interest rates.

Posted by

 

 

 

Raymond MAASKE, BBA, CCC, ACRE

 

 

 

Confidential Business Broker & Commercial Real Estate Services

 

 

 

Direct: 250.878.2218

 

 

 

Email:  RaymondMAASKE@gmail.com

 

Website:  www.BusComRealEstate.com

 

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We are a full service CONFIDENTIAL Business Brokerage & Commercial Real Estate Company specializing in the sale of business and commercial property. We help business and commercial property owners sell their business and commercial property in A CONFIDENTIAL & PROFICIENT MANNER to a QUALIFIED BUYER.

 

 

 

Comments (2)

Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

Thank you for the great wealth of information and update on your area, Great work! Wishing you the best!

Dec 05, 2010 01:23 PM
Mike & Maria Patakas
Pacific Sotheby's International Realty - Palm Springs, CA - Palm Springs, CA
Proven, Dedicated Realtors to Serve Your Needs.

Great info Raymond! Hopefully December and January show strong results in that area

Dec 08, 2010 06:56 AM