It's been another busy month for the Kelowna Real Estate Market.
Bidding on properties has been 'fierce' at times and I have heard many stories of multiple offers, with the most being 15 offers on 1 home!
Buyers really have to be well prepared for what's ahead and ready to be disappointed several times over before being successful with an offer.
When viewing single-family homes, in particular, half-hour showing windows have been the norm, typically over a weekend with offers looked at on a Monday or Tuesday.
Even with whispers that fixed mortgage rates may start to rise, with inventory still low, there currently seems no end in sight for this hot market.
Kelowna & Central Okanagan Real Estate Sales February 2021.
As you can see February Residential Real Estate sales numbers bounced back significantly in February 2021.
Compared to the last month-:
- Total Sales were up 65% last month.
- Single-Family Homes sales up 51.7%%.
- Strata sales up 64.1%
- Lots up 125%.