Wondering how Luxury Real Estate is performing in Kelowna & the Central Okanagan? Here is a snapshot of this specialist sector of the Real Estate Market as at December 2018.
Central Okanagan December 2018 Luxury Real Estate Numbers
• The Okanagan Valley single-family luxury market is a Buyer's Market with a 3% Sales Ratio.
• Homes sold for a median of 94.59% of list price in December 2018.
• The most active price band is $1,100,000-$1,199,999, where the sales ratio is 13%.
• The median luxury sales price for single-family homes has decreased to $1,290,000.
• The median days on market for December 2018 was 153 days, up from 123 in November 2018.
Acknowledgment - Data with thanks to the Institute of Luxury Real Estate.