Kelowna Real Estate Market News

April started off slower than in recent years, which is to be expected given the current state of the market, but interestingly, rather than 'ramping up' heading into May, Agents are reporting the phones quieter.


Why? Well, there is no real reason. Interest Rates are looking more settled, the Mortgage Stress Test is here to stay, (the effects now seem to be flattening out - see the graph below) and Economic Indicators are improving for the Okanagan according to the latest Report.



Kelowna & Central Okanagan Real Estate Sales April 2019.


 


Date


Total

Single Family


Strata


Lots


Manuf

  Apr 19 435 222 180 11 22
  Mar 19 354 153 169 10 22
  Feb 19 275 133 119 11 12
  Jan 19 199 88 93  7 11
  Apr 18 502 249 205 23 25



Last month-:


- Sales were up 22.9% on last month.

- Single-Family Homes sales up 45%

- Strata sales up 6.5%.


Compared to last year -:


- Overall sales were down 13.3%

- Single-Family Home sales down 10.8%

- Strata sales down 12.2%.


Inventory Levels...

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