The Central Okanagan Market Continues Its Strong Pace

Central Okanagan statistics are in for December. 

Total residential unit sales for the month increased by 20% from December 2006, with single family homes increasing by 8.5%.  The largest increases were in apartment style condos with an increase of 27% from last year.  Average prices for single family homes increased by 16.69% from the previous yeear, to $497,321 while median prices increased by 22.66% to $465,500.

Total residential real estate sales for 2007 increased by 16.6% to 5584 units while single family sales increased by 14% to 2845 units, both record levels for the Central Okanagan.  The average and median house prices both increased approximately 18.5% year over year.

Activity has continued at a strong pace through the first two months of 2008.


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