Condos Is It Time To Buy??

In the Kelowna Real Estate  Market this could be the best time ever for a buyer to buy a condo. There are currently 817 Kelowna Condos and 313 Townhomes on the market for sale.

Kelowna Condos

There have been 196 sales year to date with an average sale price of $226,000. With 50 sales per month there is a 16 month supply of condos for sale in Kelowna. It is a buyers’ market with a lot of inventory to choose from. For the same period last year, there were 235 sales with an average sale price of $226,000(no change). 2011 had 199 sales at $250,000. There appears to be downward pressure on prices.

Kelowna Townhouses

There are 313 townhomes for sale in Kelowna. There were 106 sales recorded during the first 4 months so there is approximately a 1 year supply on the market. The average sale price so far this year is $310,000 which is down from $331,000 last year. The same period in 2011 saw an average sale price of $323,000.
The first part of the year includes a lot of Big White Condominiums which impacts the statistics more than any other part of the year. Regardless , it’s a buyers market and will be for some time.
If you are thinking of buying a Condo or Townhome in Kelowna please give me a call 1-877-330-5884 or email info@okanaganbc.com and I will send you the BEST 5 DEALS in your price range
Best Selling Author of “House Virgins” How To Buy A House The Right Way The First Time
Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01
Cal for more information https://www.okanaganbc.com/ or view here Keowna and area condos for sale

Andrew Smith

Andrew Smith

Andrew Smith has over 25 years of experience helping families buy and sell condos and houses

Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884