Jared Franczak & Associates - West Kelowna BC Top Rated Real Estate Agents

Residential Market Runs True to Form for Time of Year

Posted on Mar 04, 2019 in Market Statistics

Residential sales for the region of Revelstoke to Peachland rose to 407 in February, up from January’s 310 and December’s 324, yet 19% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).

“Despite a cold snowy February, the market behaved true to form for the time of year, picking up from the last couple of months...

January’s Residential Market Highlighted by Spike in New Listings

Posted on Feb 04, 2019 in Market Statistics

Residential sales in January totaled 310 across the region of Revelstoke to Peachland, 4% fewer than December and a 31% decrease from this time last year.

“Residential housing demand continues to moderate, despite strong economic indicators, suggesting that government intervention is continuing to have an impact,” says OMREB President Marv Beer.

“Buy...

December’s Residential Market Poses No Surprises

Posted on Jan 04, 2019 in Market Statistics

Residential sales posted to the Multiple Listing Service (MLS®) for the Peachland to Revelstoke region declined to 324 in December, a 29% decrease from both the previous month and this time last year.

“No surprise, the market is doing what it tends to do this time of year with all indicators pointing to a generalized slow-down,” says OMREB President...

Government Intervention and Time of Year Slow Local Residential Market

Posted on Dec 04, 2018 in Market Statistics

November saw residential sales posted to the Multiple Listing Service (MLS®) drop to 459 for the Peachland to Revelstoke region, a 28% decline from the previous month and 24% fewer sales than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).

“Last month, we waited to see how the market would react to the Bank of Canada’s l...