Althogh not quite ridiculous as Vancouver's Real estate market, Kelowna is definitely in a Sellers Market right now. We are seeing many first day offers with many homes receiving multiple offers in the first few hours that they are for sale! Homes that we once thought wouldn't ever sell are now being sold and the inventory for prospective Buyers to choose from is very thin.
Have you been thinking of selling your home and getting maximum value from your sale? Now is the time. The stats below show just how much of a Seller's market it is:
Sales Type April 2016:
Comparing the first four months of 2016 to the first four months of 2015
Listings taken are down 4.3%
But sales are up 28.6%
Average price is up 13.5%
Median price up 10.6%
Days to sell is down 13.2%
And active inventory is down 22.9%!!!
These are just the basic numbers. If you want a more in depth report give me a call and I will be happy to send one off to you.