Market Update

What Sold, Who Bought & Who Didn’t in 2015? What’s Ahead for 2016?

What Sold, Who Bought & Who Didn’t in 2015? What’s Ahead for 2016?

The North Okanagan real estate market ended 2015 on a low note. Here’s an overview of what sold, who bought and who didn’t buy in 2015 – and what’s ahead for 2016. North Okanagan Real Estate Sales and Listing Statistics Multiple Listing Service (MLS) sales in our zone were 4.7% lower in 2015 compared to …

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Okanagan Real Estate Market – November 2015

Okanagan Real Estate Market – November 2015

Wildly diverse Okanagan and Shuswap real estate markets Oil prices received a beating this year, but BC is experiencing a strong economy and housing demand in most (not all) BC communities has been strong. Rock bottom mortgage interest rates and vigorous population growth are providing a strong foundation and boosting confidence. Year-to-date, Okanagan Mainline …

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Okanagan Real Estate Market – October 2015

Okanagan Real Estate Market – October 2015

Fall 2015 – A Disappointing Real Estate Market We are well into the fall market. Kelowna is having a record year. While we are still busy to the north in Vernon, the actual sales activity in the Okanagan-Shuswap is best described as ‘disappointing’. You might not know it from the news reports, but the …

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Okanagan Housing Market –  Summer 2015, Hot & Cold

Okanagan Housing Market – Summer 2015, Hot & Cold

It was a hot and busy summer! Nationally, Canadian real estate sales volume edged up 0.3% between July and August.  Across the Okanagan and Shuswap we saw vastly more variation. After a vigorous run-up in sales volume (not price) during 2014 our North Okanagan market cooled this year, and then declined in August.  Want more stats?  …

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