Kelowna Real Estate Market News

BC Real Estate sales down 25% - December 2018

The Latest BC Real Estate Association Report is now out for December 2018.

BC Real Estate Key Stats 

-Total Residential Real Estate Sales fell by 24.5% in 2018.

- BC Home sales fell below the 10-year average of 84,800 to 78,345 in 2018.

- Average Prices in BC fell by 5.2% Year on Year.

- Total Active Listings are up 33.3%, which is the highest since 2014.

Okanagan Key Stats 

- Average Price Year to Date is up 5.7% 2018 526,200 2017 $497,604.

- Unit sales were down 18.3% to 7,400 from 9,053

- Active Listings December 2018 2,826 2017 2087 - up 35.4%

- Sales to active listings 2018 11.5% 2017 22% - gone from a Sellers to Buyers Market.

To read the full report

Kind Regards

Trish Cenci

No comments

Post Your Comment:

Posts By Date
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.