In last month's report, I mentioned that the Kelowna Real Estate Market appeared to have been busier since the election. This has continued into November and I had one of the busiest late Fall months in some years.
It felt like serious Buyers had started looking again, and some of my Sellers were on the receiving end of some very aggressive offers.
My feeling is that we are in a more balanced Market now, and the Sellers are 'digging in their heels' and we may be turning the corner with our Real Estate Market.
I am sure there will still be some 'motivated Sellers' over the coming months, particularly if they have had their property on the market for a while, and I have seen the first 'Relocation Buyers', for this season, as some Employers opt to relocate their staff during the winter months.
My sense is we will have some continued Real Estate activity this Winter, which will outpace the sales numbers last year.
Kelowna & Central Okanagan Real Estate Sales November 2019.
|
Date |
Total |
Single Family |
Strata |
Lots |
Manuf |
|
| Nov 19 | 389 | 197 | 156 | 18 | 18 | |
| Oct 19 | 410 | 198 | 159 | 27 | 26 | |
|
Sep 19 |
428 | 225 | 156 | 22 | 25 | |
|
Aug 19 |
474 | 225 | 207 | 24 | 18 | |
| Nov 18 | 300 | 148 | 112 | 21 | 19 |
