Kelowna Housing Update....week 15
The 15th week of the year saw Kelowna realtors sell 32 residential homes
at an average sale price of $486,000 and an average market time of 86
days. The high end of the market was quiet with only two homes selling
above $650,000 while the other end of the market was active with 12
homes selling under $400,000. It's fantastic to see so many first
time buyers getting back into the market. The same week in 2010 there
were 53 sales with a $476,000 average sale price. If you're a
lakeshore home owner here in the Okanagan it was probably a quiet week
in terms of showings.
Looking at the housing market for the
year so far, we're 75 sales behind last year's pace, 537 this year/612
last year (meh....we'll catch up for sure) but prices are close to 2010
levels. This time last year the average price was $495,000 and we're at
$486,000. I'm not sure what sort of impact the
election/playoffs/weather is having on our market (probably none) but
it's encouraging to see so many people out to our open houses.
Heading
home early to watch game 3 habs/bruins. I wonder if Boston will roll
over and die or come out spitting nails. I predict the latter.
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