Coffee With Andy: Kelowna Market Report for March 19

Residential Sales

34 residential sales last week including three selling over $2 million and four under $600,000. The same week last year produced 54 sales so we’re beginning to fall behind a bit. A bit of momentum from previous week when we recorded 32 transactions. The average sale price this year is $1,033,000 and the median sale price is $907,500.

Condo Sales

There were an additional 20 apartment sales last week which is up from 19 the previous week. Like residential, this isn’t a huge increase but this corner of the internet is a safe harbour of optimism. We’ll gladly take any good news that comes our way.

Townhouse sales were up from the previous week as well. We put together 16 transactions compared to 12 the week before. All these numbers are smaller that what we would like but they’re increasing which is exciting for the future.

There are 1,151 residential detached homes for sale and another 658 apartments available for buyers to choose from. These numbers are rising and will probably continue to do so. Sales numbers will also increase moving forward and the jury is still out regarding prices.

Andrew Smith
Royal Lepage Kelowna
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Toll Free 1-877-330-5884
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Kierra Smith,
Royal Lepage Kelowna
2x Olympian

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