Sales of Single Family Homes, in particular, have still been 'brisk' during the last month in the Kelowna Real Estate Market, as Buyers continue to struggle with low inventory.
For example, one of our new listings in West Kelowna ended in a 5-way multiple offer, with the winning bid being significantly over asking price, during November!
Kelowna & Central Okanagan Real Estate Sales November 2020.
Sales numbers were down compared to last month, which is partially due to the time of year, but also due to the lack of inventory, but up massively on this time in 2019.
Compared to the last month-:
- Total Sales were down 10.2% last month.
- Single-Family Homes sales down 13.3%.
- Strata sales down 8.3%.
Compared to last year sales numbers were up again.
- Overall sales were up 75%
- Single-Family Home sales up 72%.
- Strata sales were up 76%.
Inventory Levels October 2020
Inventory levels continue to fall in all main sectors -:
Total listings in the Central Okanagan are now...