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 http://www.bcrea.bc.ca/docs/news-2018/2018-12.pdf


Kind Regards


Trish Cenci


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