Spring is consistently a busy time in the real estate market. As we head into summer, you might hear or read a lot in the news about real estate in general. In BC, much of this conversation will centre around the BC Government’s proposed new Speculation Tax. Across Canada, the new mortgage stress test will also be a topic of conversation.
Kelowna Market Stats With Kelowna Realtor Darcy Nyrose If you are looking to buy or sell (or sell and buy) in Kelowna's real estate market, have a watch as Darcy Nyrose provides a market recap and insight into what happened in November, and how that compares to the last five years. Then, watch and see […]
Kelowna Market Trends With Kelowna Realtor Darcy Nyrose Welcome to sweater weather. That time of year in Kelowna where fall temperatures take hold and residents switch to sweaters and coats to stay warm. Generally, the real estate market follows suit with the temperatures. It cools off a bit in the fall, more in the winter […]
Kelowna Market Trends With Kelowna Realtor Darcy Nyrose We've been telling the same story for months. Active listings are low across the board which means less choice and more competition for buyers. September brought the lowest level of inventory we've seen in the Central Okanagan in the past 10 years with 1361 total active listings. […]
Kelowna Market Trends With Kelowna Realtor Darcy Nyrose We've been seeing a lot of out-of-town buyers in the area over the 12-18 months. So, when the Central Okanagan had Covid-19 restrictions put back, fires (and with the fires, a lot of smoke), and a provincial advisory to avoid travel to the area, we anticipated a […]
Kelowna Market Trends With Kelowna Realtor Darcy Nyrose Watch as Darcy Nyrose discusses current Kelowna real estate market activity from July 2021, compares it to June 2021 and July 2020 as well as takes a look at what's to come in the coming months and years. What affect will the incoming development boom have on […]
Will Kelowna Return to a Balanced Market? When comparing June 2021 to June 2020 we're still seeing the same story we've been sharing all year: listings are down, sales are up and with that - pricing is up. But, when we compare this June to this May, we're starting to see numbers shift every so […]
Kelowna Real Estate Hot Market Continues ... This month's numbers continue to show a HOT market! It's interesting to compare May 2021 to May 2020 - last May we were seeing what we were anticipating to be a 'covid effect' - a massive slow-down in all activity as we all stayed home etc. But, what […]
Kelowna Real Estate Hot Market Continues ... One year ago, we were 1.5 months into our 'stay-at-home' adventures and uncertainty was in the air with everything - including real estate. Earlier in 2020 we were forecasting a hot year, but then came Covid-19 and all bets were off. Except, people will always want to live […]
Kelowna / Central Okanagan sees record high sales numbers and record low active listings ... It's the same story we've been telling - an abundance of buyers out house hunting and very low inventory. This is causing some buyers to experience what we call "buyers fatigue". Many buyers are missing out on homes over-and-over again […]
We're seeing record low inventory combined with winter-record sales and the months of inventory available is at 2 months, which is another record low. What does this mean? It's a fantastic time to be a home seller right now - if you are selling your investment properties OR have another place to live. Buyers have […]
January's market numbers illustrate a classic case of supply and demand. For the past two months, we've seen the lowest numbers of active listings in the past ten years. When it comes to the number of sales, January 2021 had the highest number of sales for a January in the past ten years. It's driving […]
December 2020 saw the most homes sold for a December in the past 10 years. That tells us people are BUYING! Meanwhile, December 2020 saw the lowest number of listing inventory for a December in the past 10 years. If you're buying, you have to be ready to act fast as many listings are going […]
Kelowna Real Estate Market Update - Here's What Happened in November 2020 What a year it's been! When the global pandemic first began to shut down businesses and keep people close to home, nobody really knew what to expect. Many thought that real estate, like most other industries, would slow down. Here in Kelowna, it […]
Kelowna Real Estate Market Update - Here's What Happened in October 2020 Wow! Once again, the real estate market is HOT. Listing inventory is down (over last month and last year) and prices are up substantially over last year, though holding fairly steady to September 2020. And, the number of sales happening isn't typical of […]
Here's What Happened in September 2020 For the past couple of months we've been commenting that the Kelowna real estate market is HOT. September was no different. In the Central Okanagan there were 792 Sales in September. In the past 5 years, the only time we've seen more than that was back in May and […]
Kelowna Real Estate Market Update - Here's What Happened in August 2020 Once again, we've had a record month in real estate. When looking at the past five years, for the second month in a row, we've seen the highest average sale price. The lowest average sale price across all categories was in January of […]
We've been experiencing some great HOT weather, with more hot days on the way. Well, our local real estate market has followed suit. What we've got is the best of Kelowna's summer coupled with the best of what typically looks like a hot spring market. It makes for busy REALTORS but when you love what […]
Kelowna Real Estate Market Update - Here's What Happened in June 2020 We were anticipating a market pick-up come June, and we were right. Prices were up. Sales were up. We're seeing more listings hit the market, and buyers are out-and-about looking for new homes. We're also seeing an influx of out-of-town buyers; some moving […]
Kelowna Real Estate Market Report - Here's What Happened in May 2020
Kelowna Real Estate Market Update - Here's the Real Estate Stats for April 2020 As the world slowed down mid-march and through April, we were expecting real estate sales to do the same. After all, many people were focusing on physical distancing and trying to stay healthy; while others were suddenly out of work with […]
Kelowna Real Estate Market Report - March 2020 Here's what you need to know... Tune in as Darcy Nyrose explains what's happening in the current real estate market. Back in February, we were seeing a nice trajectory of increased activity and pricing and we were looking forward to a great spring and summer real estate […]
Here's what happened in the Kelowna Real Estate Market in February 2020
The Kelowna Real Estate Market has gotten off to a good start. As we begin a new year and a new decade, we've been busy assisting both buyers and potential sellers. It's a good time for a real estate check-up. What are your real estate goals? Where do you want to be this year? In […]
