The Kelowna and Central Okanagan Valley continue to experience a strong real estate market. Whether this is due to reduce interest rates and the benchmark qualifying rate which has increased purchasing power or simply the fact that people want to buy in the Okanagan are anybody’s guess but the former surely have had their impact. Sales were up 7.92% over August 2018 with a total of 450 residential sales transactions.
The Pulse: Kelowna Market Review July 2019
The weather in Kelowna and Central Okanagan Valley has been unseasonal cool the past few week; the same can not be said for the local real estate market! The month of July proved to be the strongest month for sales so far this year, not only experiencing an uptick of 13.3% over last month but logging 18% more sales than July 2018. In fact, with 511 residential sales transactions, July saw the most sales in a month in nearly 2 years, since August 2017. The year started out much of the noise out there being negative, prices were down, sales were down, and the media was hyping it up. Year-to-date, sales are now down just under 10% from 2018 and values appear to be among the highest they’ve ever been. With 5 months left to go in 2019, we could easily see this year’s sales surpass that of last year’s.
28 Okanagan Boat Launches to Get You Out on the Water This Summer
Looking to get out on the water this summer? I bet you are! After all, that's why we live here. The close proximity to beautiful lakes is one of numerous features that make living in the Okanagan Valley fantastic. Within the Central Okanagan area there are ample water related activities to take part in from paddling a canoe, kayak or SUP, lounging on the beach, fishing, wake boarding, surfing, and water skiing, cruising on the boat, house boating, water power sports, and even SCUBA diving!
4 Things People Won’t Tell You About the Beautiful Okanagan
Have you been thinking about moving to the Okanagan Valley? It’s an increasingly popular choice for people from across Canada looking for a change. There are so many excellent reasons to move to Kelowna and the Okanagan Valley! However, like any other location, there are always some less-than-perfect aspects. The following are four things people won’t tell you about the beautiful Okanagan Valley and the City of Kelowna. They won’t stop you from wanting to make the move, but knowing them will make sure you don’t have any surprise and might even help you choose the right neighbourhood.