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Okanagan Home Sales Spike in May

Wednesday, Jun 07, 2017
KELOWNA, B.C. – June 6 th , 2017. Home sales across the Okanagan region of Revelstoke to Peachland took a sharp upward turn in May, with 1132 homes sold, a 38% increase over April, but 6% fewer sales than this time last year, reports the Okanagan Mainline Real Estate Board (OMREB). “Spring is typically a busy market and the May indicators certainly reflect that,” says OMREB Pres ...
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April Market Holds Steady

Sunday, May 07, 2017
KELOWNA, B.C. – May 4, 2017. The residential real estate market across the Okanagan region of Revelstoke to Peachland turned in another solid month in April, with indicators comparable to the previous month, reports the Okanagan Mainline Real Estate Board (OMREB).   “April numbers held consistent with March across several key indicators, including sales volume, new listings, ...
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March Residential Sales Compare to Last Year

Friday, Apr 07, 2017
KELOWNA, B.C. – April 6, 2017. Residential sales totaled 824 across the region of Revelstoke to Peachland, generally on par with sales this time last year and a 58% increase over February, reports the Okanagan Mainline Real Estate Board (OMREB).   Other key market indicators include average price, which was $475,172.74, comparable to February and just 10% over March last year. Days ...
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Okanagan Residential Market Picks Up In February

Tuesday, Mar 07, 2017
KELOWNA, B.C. – March 6, 2017. Residential sales across the region of Revelstoke to Peachland totaled 520 in February, an increase over January’s 353 sales, yet a 9% decrease over February of last year, reports the Okanagan Mainline Real Estate Board (OMREB.)   “Clearly, market activity is picking up, which is typical of February, although sales volume is 10% lower than ...
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January Residential Sales Activity Consistent with Last Year

Tuesday, Feb 07, 2017
KELOWNA, B.C. – February 6th, 2017. Residential sales across the region of Revelstoke to Peachland totaled 353 in January, consistent with a year ago when 334 homes were sold, yet a 22% decrease over the 453 sales in December, reports the Okanagan Mainline Real Estate Board (OMREB). “While sales volume for January was just 5.6% higher than a year ago, the inventory of properties av ...
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Okanagan Residential Market Continues Cooling Trend

Monday, Jan 09, 2017
KELOWNA, B.C. – January 5, 2016. Residential sales and listing activity across the region of Revelstoke to Peachland continued a month-over month decline in activity in December, with 453 sales posted to the MLS®, as compared to 571 in November, a 21% decrease and a 2% increase over this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).   “While the ...
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Okanagan Residential Sales Continue to Normalize

Monday, Dec 12, 2016
KELOWNA, B.C. – December 6th, 2016. Residential sales across the region of Revelstoke to Peachland continued to decline in November, with 571 sales posted to the MLS® in November, as compared to 779 in October, a 26.7% decrease over the previous month while still 4.19% over this time last year, reports the Okanagan Mainline Real Estate Board (OMREB). “While sales over the past seve ...
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Okanagan Residential Sales: Gradual Downward Trend Continues

Thursday, Nov 10, 2016
KELOWNA, B.C. – November 7, 2016. October saw Okanagan residential sales slow, with 779 salesposted to the MLS® as compared to 884 the previous month, down 12% from September, yet still a 19%increase over October of last year reports the Okanagan Mainline Real Estate Board (OMREB).“A number of factors suggest a gradual downturn, including reduced sales volume, lower average prices, ...
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Okanagan Residential Market: Summer Sizzle Ceases

Tuesday, Oct 11, 2016
KELOWNA, B.C. – October 5, 2016. Residential sales in the Okanagan slowed in September, with 884 sales posted to the MLS® as compared to 1020 the previous month, down 13.3 % from August but still a 25.4% increase over September of last year reports the Okanagan Mainline Real Estate Board (OMREB). “While fewer sales indicate that the market may be starting to moderate, pricing and d ...
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Okanagan Housing Market Remains Brisk

Monday, Aug 08, 2016
KELOWNA, B.C. – August 2nd, 2016. Residential sales in the Okanagan moderated slightly in July, compared to previous months, with sales of 1042 units posted to the Multiple Listing Service (MLS®), down 17.5% from June sales but still a 20% increase over July of last year reports the Okanagan Mainline Real Estate Board (OMREB). “While fewer units sold last month as compared to June, ...
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