The Kelowna real estate sales are up and continues to climb in August with sales and dollar values on the rise. Just released figures from the Okanagan Mainline Real Estate Board shows that last month, sales of all kinds residential, commercial and institutional numbered 395 up from 305 in August of 2011.
The value of properties changing hands was
$172.1 million a jump from the $121.2 million in August 2011. The
growth that started in the spring has continued through the summer with
real estate sales recovering. The average selling price of a single
family home in August was $488,100 up from $472,700 in August 2011. Condo's average was $260,400 up from $241,000 and townhouses average up slightly $353,900 from $353,200 in August 2011