Thursday, 1 March 2012

Kelowna Real Estate Update March 2012

Hi All,

As I look at this months sales for the Central Okanagan area, the increased activity I am seeing with the number of showings on my listings and buyers, is beginning to filter through into sales.

As well as being up on last month, we are seeing a positive increase in sales compared to this time last year.

Central Okanagan Real Estate Sales for February 2012


Date

Total

S/Fm

Strata

Lots

Manuf

 Feb - 12

277

147

103

13

14
    Jan -12

202

113

65

12

12

Dec -11

171

110

52

6

3

Nov -11

255

145

89

9

12

     Feb 11

227

134

74
13

6

What is also interesting is that the people I have met during February, either at my Open Houses or at viewings, seemed to be local people and some buyers from the Lower Mainland, but not many buyers from Alberta yet.

I am also working with a number of buyers who have children attending UBCO. This is much earlier than usual, as I would not expect to see families looking to buy until May or June.

All in all the signs are much more positive for Kelowna Real Estate and  whilst I do not expect  to see a significant increase in prices, it does feel like the market will start to firm up as we head into the spring and summer market.

Kind Regards

Trish Cenci Tel 250 864 1707

Email trishcenci@shaw.ca

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