Central Okanagan
Real Estate
Market Update
๐๐ฒ๐ฏ๐ฟ๐๐ฎ๐ฟ๐ ๐ฎ๐ฌ๐ฎ๐ฑ ๐๐ฒ๐ป๐๐ฟ๐ฎ๐น ๐ข๐ธ๐ฎ๐ป๐ฎ๐ด๐ฎ๐ป ๐ฅ๐ฒ๐ฎ๐น ๐๐๐๐ฎ๐๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ 
Despite uncertainty in the global economy, Kelownaโs real estate market remains fairly stable. February followed a typical seasonal trend, with marginal increases in sales and prices compared to last year, while inventory continues to grow.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐
๐ฆ๐ถ๐ป๐ด๐น๐ฒ ๐๐ฎ๐บ๐ถ๐น๐ ๐๐ผ๐บ๐ฒ๐
Average Price: $1,144,973 (+10.5% YoY)
Sales: 122 homes sold (+16.2%)
Inventory: 1,156 active listings (+21.1%)
๐ง๐ผ๐๐ป๐ต๐ผ๐๐๐ฒ๐
Average Price: $752,338 (+11.7%)
Sales: 47 townhomes sold (+14.6%)
Inventory: 392 active listings (+19.5%)
๐๐ฝ๐ฎ๐ฟ๐๐บ๐ฒ๐ป๐๐/๐๐ผ๐ป๐ฑ๐ผ๐
Average Price: $506,243 (+8.2%)
Sales: 78 condos sold (+21.9%)
Inventory: 699 active listings (+18.6%)
๐ช๐ต๐ฎ๐ ๐ง๐ต๐ถ๐ ๐ ๐ฒ๐ฎ๐ป๐
For ๐๐๐๐๐๐๐, prices remain stable, but increasing inventory means competition is growingโstrategic pricing and presentation are key.
For ๐๐๐ ๐๐๐, more options are becoming available, presenting opportunities in various segments of the market.
With 19 years of experience navigating every type of real estate market, our team is here to provide expert guidance, whether youโre buying, selling, or planning your next move.
Contact the Briggs On Homes Real Estate Group of Coldwell Banker Horizon Realty at 250-215-0015 to discuss your real estate goals today!
https://info.briggsonhomes.com/
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