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Government Intervention and Time of Year Slow Local Residential Market

Tuesday, Dec 04, 2018
KELOWNA, B.C. – December 4th, 2018.    November saw residential sales posted to the Multiple Listing Service (MLS®) drop to 459 for the Peachland  to Revelstoke region, a 28% decline from the previous month and 24% fewer sales than this time last year  reports the Okanagan Mainline Real Estate Board (OMREB).   “Last month, we waited to see how the mar ...
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Residential Sales Volume Rises, Average Price Dips

Thursday, Nov 08, 2018
KELOWNA, B.C. – November 1, 2018. Residential sales posted to the Multiple Listing Service (MLS®) for the Peachland to Revelstoke region rose to 639 in October, 9% over September, but 13% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).   “Interestingly, more homes sold in less time than September but average price was 5% less than S ...
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Residential Prices Inch up Despite Fewer Sales

Thursday, Oct 04, 2018
KELOWNA, B.C. – October 2, 2018. Despite slower sales activity of 585 residential sales in September compared to 709 the previous month and 740 last year, average price across the region of Revelstoke to Peachland inched up 5% over August and 8% over last September, reports the Okanagan Mainline Real Estate Board (OMREB).   “We’re seeing a shift across the region with a ...
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Persistent Cooling Trend For Okanagan Housing Market

Wednesday, Sep 05, 2018
KELOWNA, B.C. – September 5, 2018. A cooling trend in home sales continues across the region of Revelstoke to Peachland, with 709 sales posted to the Multiple Listing Service (MLS®) in August, a 5% drop from the previous month, yet 20% fewer sales than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).   “We are now six months into a cooling tren ...
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Okanagan Residential Market Continues Move Towards Balanced Conditions

Wednesday, Aug 08, 2018
KELOWNA, B.C. – August 2nd, 2018. Residential sales across the region of Revelstoke to Peachland moderated slightly in July, with 742 sales posted to the Multiple Listing Service (MSL®), down 7% from June, yet 23% lower than this time last year reports the Okanagan Mainline Real Estate Board (OMREB). “I think we can officially say that we are moving towards balanced market terri ...
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Downward Trend on Okanagan Residential Sales Continues

Monday, Jul 09, 2018
KELOWNA, B.C. – July 4, 2018. June residential sales across the region of Revelstoke to Peachland continued a downward trend with 799 sales, a slight drop from May but 22% lower than this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).“This is the fourth consecutive month where sales volumes are substantially down from the same period last year,” comme ...
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May Home Sales Volumes in Sharp Contrast to Recent Years

Monday, Jun 11, 2018
KELOWNA, B.C. – June 5, 2018. The volume of May home sales across the region of Revelstoke to Peachland contrasted sharply with this time last year, with 817 homes sold, a slight uptick from April but down 28% over this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).   “Not surprisingly, the residential home market continues to slow after a particularl ...
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Spring Residential Real Estate Market Doesn’t Reach Last Year’s Heights

Monday, May 07, 2018
KELOWNA, B.C. – May 7, 2018. Residential sales for the region of Peachland to Revelstoke tallied 746, 19% more than March, but 9% down from this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).   “Despite the typical spring upswing, this is the second month in a row where sales are fewer than last year’s tally, suggesting the market is continuing ...
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March Residential Market a Mixed Story

Monday, Apr 09, 2018
KELOWNA, B.C. – April 6, 2018. Residential sales across the region of Revelstoke to Peachland rose to 628 in March, 25% over the previous month, yet down 24% from this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).   “While the market was busier than February, as is the norm this time of year, sales were substantially down from last March. At this po ...
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New Regulatory and Tax Implications Yet to Be Felt in a Seemingly Typical February Residential Market

Wednesday, Mar 07, 2018
KELOWNA, B.C. – March 6, 2018. Across the region of Revelstoke to Peachland, residential sales tallied 503 in February, up 12% over January, yet consistent with this time last year, reports the Okanagan Mainline Real Estate Board (OMREB). “The market typically picks up this time of year and this year is no exception despite recent new federal mortgage tightening rules and an intere ...
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