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After Strong Recovery, Residential Real Estate Market Flattening Out Ahead of Winter

Friday, Nov 08, 2019
KELOWNA, B.C. – November 6th, 2019. Residential sales across the region of Revelstoke to Peachland totaled 625 in October, down from September’s 652 sales and just 2% fewer compared to the 639 units sold in October 2018, reports the Okanagan Mainline Real Estate Board (OMREB). New listings dropped below last month’s 1,046 by 10.5% resting at 936 new units listed this month. The ...
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Local Residential Real Estate Market Staying The Course For Autumn

Tuesday, Oct 15, 2019
KELOWNA, B.C. – October 3rd, 2019. Residential sales across the region of Revelstoke to Peachland totaled 652 in September, down from August’s 725 sales, yet 11% higher than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).     On par with markets across the province, new listings took a slight dip from last month’s 1,246 with only 1,046 ...
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Residential Real Estate Market Showing Promising Sign of Recovery

Thursday, Sep 05, 2019
KELOWNA, B.C. – September 4th, 2019. Residential sales across the region of Revelstoke to Peachland were 2% higher for August compared to this time last year clocking in at 725, although less than July’s 810 sales, reports the Okanagan Mainline Real Estate Board (OMREB).     “While the number of sales across the region may have dipped compared to July, this is the ...
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Residential Real Estate Inventory Plateaus While Market Is Slowly Recovering

Wednesday, Aug 07, 2019
KELOWNA, B.C. – August 2nd, 2019. Residential sales across the region of Revelstoke to Peachland increased 11% from June’s 725 sales, totaling 810 sales in July, which meant a 9% increase over this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).   The average residential price in July of $543,587 was only slightly higher than last month’s average ...
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Residential Real Estate Market Seasonally On Trend Heading Into Summer

Thursday, Jul 04, 2019
KELOWNA, B.C. – July 3rd, 2019. Residential sales across the region of Revelstoke to Peachland totaled 725 in June, a decline from May’s 780 sales, and 9% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).     June’s average price of $525,303 was only marginally less than last month’s pricing at just 3% lower and clocked- ...
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Spring Residential Real Estate Market Continues to Attract Buyers

Friday, Jun 07, 2019
  KELOWNA, B.C. – June 4th, 2019. Residential sales across the region of Revelstoke to Peachland totaled 780 in May, up from April’s 707 sales yet 5% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB). “The local market continues to attract buyers, even though consumers may not have the purchasing power they did prior to January of 20 ...
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Indicators Mixed as Residential Real Estate Market Heads into Spring

Monday, Apr 08, 2019
KELOWNA, B.C. – April 2th, 2019. Residential sales across the Revelstoke to Peachland region rose to 545 in March, up from February’s 407 yet 13% fewer than March of last year reports the Okanagan Mainline Real Estate Board (OMREB).   While Mother Nature is taking her time with the outward signs of spring, the market is rising to the occasion with more activity. In line with ...
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Residential Market Runs True to Form for Time of Year

Thursday, Mar 07, 2019
KELOWNA, B.C. – March 4th, 2019. Residential sales for the region of Revelstoke to Peachland rose to 407 in February, up from January’s 310 and December’s 324, yet 19% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).   “Despite a cold snowy February, the market behaved true to form for the time of year, picking up from the la ...
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January’s Residential Market Highlighted by Spike in New Listings

Thursday, Feb 07, 2019
KELOWNA, B.C. – February 4th,2019. Residential sales in January totaled 310 across the region of Revelstoke to Peachland, 4% fewer than December and a 31% decrease from this time last year.   “Residential housing demand continues to moderate, despite strong economic indicators, suggesting that government intervention is continuing to have an impact,” says OMREB President ...
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December’s Residential Market Poses No Surprises

Monday, Jan 07, 2019
KELOWNA, B.C. – January 3rd, 2019. Residential sales posted to the Multiple Listing Service (MLS®) for the Peachland to Revelstoke region declined to 324 in December, a 29% decrease from both the previous month and this time last year.   “No surprise, the market is doing what it tends to do this time of year with all indicators pointing to a generalized slow-down,” ...
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