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Selling Kelowna Real Estate Group
Serving Kelowna, West Kelowna, Peachland and Lake Country
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Is It Cheaper To Buy or Rent in Kelowna, BC?
We have all heard and felt that Kelowna has been growing at a pace of 2% and before 2030 the area's expecting to have more than 40,000 more people living in the area. These numbers are all pre-covid figures and the rate may increase more in the new Covid-19 era, where people are looking to move out of highly densified areas and looking for space. People working from home is no longer just a "dream" but is now a reality for many workers and businesses. This radical shift allo
How much money have people spent on houses in Kelowna?
With record low-interest rates and people's habits changing, whether it being early retirement, working from home, or looking for space moving to the Okanagan is a trend that is increasing. In October 43% of buyers were from outside the Central Okanagan. I have been talking a lot about the market and how it is a seller's market. Focusing mainly on the number of transactions happening. We are seeing a tight supply which for certain homes is driving prices up, what is the do
Buying a home? Not Sure How much to offer?
Maybe you are looking to buy a home and you are wondering how much you should offer on a home? or maybe you are looking to sell and want to know the expectations of where to expect offers to come in. Using the sale price to list price ratio can help give you an idea of how competitive a market is or even how competitive a price range can be and show trends on which way markets may be going. These are averages that might not be true for every home or situation. You still nee
Kelowna Real Estate Market October Stats 2020
Overview 756 total Residential sales in October 2166 Active Listings October Average Days on Market was 68 712 New Listings in October down from 932 in September It would take 2.87 months for Kelowna's entire housing inventory to sell and depleted, based on current demand if no new homes came on the market Single Family Residential Homes It would take 2.33 months for all the single-family homes to sell and be depleted, based on current demand if no new homes came on the mark
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