Kelowna Real Estate Market News

After a very quiet start to January, which followed a quiet December, I am pleased to report that Buyers and Sellers are beginning to think about Real Estate again. We are beginning to see more new listings and Buyers are out looking.

Speculation Tax in Kelowna and West Kelowna seems to be here to stay, for now, so its time to get your Speculation Tax Declarations in!

Kelowna & Central Okanagan Real Estate Sales January 2019.




Single Family




  Jan 19 199 88 93 7 11
  Dec 18 200 107 77 6 10
  Nov 18 303 150 113 21 19
  Oct 18 385 190 165  9 21
  Jan 18 342 159 147 24 12

Total sales were roughly on par with last month although down 42% on this time last year. Single Family home sales were down 45% on last year and Strata sales were down 37%, which is an even higher drop than last month.

This is certainly depressing reading for Sellers, but putting a positive spin on it, it can only get better!!

Inventory Levels

Total levels...

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