Things have changed in the last year, and with yet another interest rate increase today, there has been a large increase in interest rates over the past year which has really put a damper on the real estate market in the last 8 months. For the last look back on 2022, we are going to look at how healthy the real estate market is and this week putting a focus on the 2022 buyer survey provided by the Association of Interior Realtors. This is to give a sense of who is buying, how

The real estate market in Kelowna and the Central Okanagan in 2022 was characterized by a decrease in sales largely driven by the substantial increase in interest rates of 4% but continued to see an increase in the average sales price with low inventory. The total value of sold real estate was up from 2020, with the values rising and despite 1000 fewer but down in 2022 compared to 2020 but down from 2021. Despite the decrease in sales, and increase in interest rates the avera

Total Sales Sales in Central Okanagan were down to 187 total sales which was the lowest amount of sales per month, this however, is partly due to the normal seasonal slowdown. December 2018 had a total of 200 sales, the five-year average is 307 sales. Active Listings At the end of December, there were 1720 active listings which are down from 2120 in November. This is double what it was last year at this time at 883. Total listings are still low especially when you compare it

The Stuart Park outdoor skating rink in downtown Kelowna is FREE to the public and open 6 am-11pm daily. It’s a fantastic activity for the whole family to enjoy. They also offer skate rentals for a fee. For more information click here. Assessed Value Vs. Market Value: What's The Difference? 2023 BC Property Assessments are in, click HERE to find the updated assessed value of your home. With the recent release of BC Assessment’s new assessed values, it may be unclear to many h