Real Estate Recovery in the Okanagan!

North Zone (Predator Ridge to Enderby):  Overall sales in the North Zone for June were up 8.7% to 150 units (valued at $48.8 million) compared to 138 ($46.1 million) in 2011.  Year-to-date unit sales for 2012 (733 valued at $251.3 million) improved 10.6% compared to activity during the first two quarters last year (663 at $233.2 million).   Total residential sales for June (136 units at $45.9 million) showed a 7.0% improvement over last year (127 at $41.7 million).  Single family home sales (85) for the month were up 8.9% compared to the units sold in June 2011 (78).  Apartment sales were up 37.5% over last year at this time (to 11 from 8).  Inventory during June was similar to this time last year (up slightly at 2,624 compared to 2,620), while the 449 new listings taken for the month rose 10.3% from 407 in 2011.

 

The above article is from the OMREB website on how the Okanagan real estate martket is doing in 2012.

Looking good! Although recovery is slow, we ARE now in recovery!!

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