Kelowna Real Estate Market News

August 2020 was another hot month for the Kelowna Real Estate Market!

Some Buyers experienced challenges gaining household insurance, due to the forest fires in Penticton, but happily, these have subsided now, and I have not heard of anyone having issues recently.

Demand for homes and townhomes was active throughout the month and after a slow start for Condos, we saw more activity towards the end of the month.

More parents and investors have been looking around the University area and they are looking to complete purchases, as late in the year as possible, ready for students hopefully starting school at UBCO, in January 2021.

Interestingly, I have also had a few more inquiries from Sellers looking to sell now, so I am anticipating seeing a few more listings coming on the market in the next little while, which will be unusual for this time of year.

Kelowna & Central Okanagan Real Estate Sales August 2020.

While sales numbers were not as high as July, they were still very impressive.

Read full post