Kelowna Real Estate Market News Sales Prices & Trends April 2023


Kelowna Real Estate Trends Vrecko Real Estate Group

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose. In this month's market report, Darcy takes a look at what happened in January 2024 and what we can expect to see this upcoming spring. Here's an interesting fact that Darcy observed: over 1/3 of the townhomes for sale were built/sold in 2020 and beyond.


Kelowna real estate market July sales dipped, prices & inventory up!

New residential listings saw a decrease of 21.4% compared to the same time last year with 2,362 new listings recorded in April. While an increase of 41.5% of total inventory compared to April 2022 is a welcomed increase, the total number of active residential listings remained low for April with only 6,259 across the Association region.


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Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose February 1, 2024 In this month's market report, Darcy talks about how Kelowna's spring market has come early. With the holding of interest rates, Buyers have re-ignited their search and Prospective Home Sellers have gotten their homes listed ahead.


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Kelowna & the Central Okanagan Real Estate Market Report | April 2024 Edition Hey everyone, welcome back to another real estate market update for Kelowna & the Central Okanagan this time reviewing the stats for March, 2024. As we dive into the latest findings, it's clear that the Spring Market is well underway, with signs of activity beginning to heat up across the region.


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Real Estate Trends and Price Forecast. HIGHLIGHTS. Home values in the Okanagan have been volatile in recent years, see-sawing up and down. However, the broader trend since 2022 has been downward. While industry experts have declared that market conditions are improving when compared to 2023, purchase activity in 2024 is unlikely to match 2020.


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New Legislation That Could Impact Houses for Sale Kelowna BC. Residents of Kelowna could potentially face a 4.7% increase in property taxes in 2024. According to an article by Global News, the intended hike includes a one-percent public safety levy approved in 2023. The City of Kelowna notes that this additional one percent will go towards the.


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The average sales price for a home in the Kelowna real estate market slipped at an annualized pace of three per cent to below $786,000. However, the median sales price climbed about four per cent to top $667,000.. However, home sales are forecast to rebound in 2024, rising 4.8 per cent to above 80,000 units.


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Conclusion. My four key predictions for Kelowna's real estate market in 2024 are: a reduction in interest rates, a decrease in condo prices, an increase in transactions, and a rise in single-family home prices. While these are speculative insights, they are grounded in current market trends and economic indicators.


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Stay up-to-date with the latest real estate trends in Kelowna & the Central Okanagan! Dive into our March 2024 market update, revealing a surge in sales activity amidst a buyer's market, offering opportunities with an average sales price of $724,222. Explore the potential for buyers and sellers alike as the Spring Market gains momentum.


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Up-to-date housing market trends & stats for Kelowna, BC. Research median house & condo prices, sizes, inventory, & recently sold info.. BC for condos was $361,606 in March 2024, compared to $459,702 in February 2024, trending down by 21.34% month-over-month.. Get advice on selecting a real estate agent or finding the perfect home.


Kelowna Real Estate Market Forecast 2024 (Easy Checklist) Premier Realty BC

Kelowna Real Estate Market Forecast 2024 (Easy Checklist) By Julia Hamilton / January 16, 2024. The real estate market in Kelowna, British Columbia, has been a subject of interest and speculation for both homebuyers and investors. As we step into 2024, it's crucial to analyze the current state of the Kelowna real estate market and make.


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Kelowna real estate & housing market report. Forecasts & trends — diagrams and historical graphs of price changes for duplexes, condos, townhouses, and bungalows in Kelowna, British Columbia. See More Real Estate in Kelowna See More. 2 hours . $898,000. For Sale. 3. beds. 3.. Apr 2024. Map. Applied Date. N/A. Issued Date. Jan 22, 2021.


Prices in Kelowna Real Estate Are on the Uprise

Kelowna's October real estate market report: a 32% sales decline from July-August to September-October. Luxury Kelowna homes over 3M saw a whopping 50% sales decline. Vancouver's doing the limbo with sales below the 20-year average. Kelowna single-family housing inventory in buyers' market territory at 10 months.


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Housing Market Report for April 2024.. Zolo's real estate market trends gives you a real-time look at the housing market. Get real estate facts on average house price, housing inventory, and average days on market.. Zolo Realty (Kelowna, BC), Unit 1100-1631 Dickson Avenue, Kelowna, BC, V1Y 0B5, 778.762.0469


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This graph showcases the real estate market cycle for the past 5 years - something we often get asked to share and comment on. In 2018, the market was stable and predictive; rising in the spring, peaking during the summer through to the fall, then dipping down towards the winter months. 2019 was stable again leading up to 2020 when our local market began its ascent into a booming seller's.


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Condos: Sales increased by 10%, with 57 condos sold in January 2024, compared to 52 in January 2023. New condo listings decreased by 9%, with 166 in January 2024, down from 183 in January 2023. The average condo price rose by 10% to $517,264 in January 2024, from $470,173 in January 2023. Average DOM for condos decreased by 8% to 60 days in.