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3 Reasons Why Winter 2020 is a Good Time to Sell in Kelowna, BC Real Estate Market

Take a look at the video for the top 3 Reasons why Right Now is a good time to sell your home.



1. Strong Demand a Total of 679 Residential sales in November up 74% from last year of 389.

2. Supply is low there is 1790 total listings down 28% from last year and should continue to drop heading into the holidays.

3. Prices are increasing. Low supply, strong demand is putting upward pressure on prices.


  • 679 total Residential sales in November. Up 74% from the same time last year of 389.

  • 1790 total listings down 28% from the same time last year of 2484

  • November Median Days to Sell was 44 and the average days to sell was 69

  • 595 New Listings in November an increase in new listings of 18% Compared to 2019 of 504

Single Family Residential Homes

  • Single-Family Sales 339

  • New Listings 242

  • Current Inventory 618

  • Sell/Inv. Ratio 54.85%

  • Days to Sell 66

  • Average Price $916,118

  • Median Price$783,000

Townhome Activity

  • Townhome Sales 106

  • New Listings 121

  • Current Inventory 241

  • Sell/Inv. Ratio 43.98%

  • Days to Sell 63

  • Average Price $531,987

  • Median Price $510,000

Apartment/Condo

  • Condo/Apt Sales 169

  • New Listings 156

  • Current Inventory 460

  • Sell/Inv. Ratio 36.7%

  • Days to Sell 60

  • Average Price $350,124

  • Median Price$330,000


Mark Coons


 

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