Its hard to believe that the kids have been back to school for a week already! I’m not sure who has had the biggest smiles this week on Facebook, the kids or the parents. I believe it’s the parents. As a reminder, please make sure you pay attention to those school zone speed limits, you don't want a ticket.
At RE/MAX Kelowna we had a great summer. Along with all the summer activities, we had the pleasure of being the Title Sponsors of the Parks Alive in Kelowna and Music in the Park in West Kelowna. We got to help these two great organizations put on over 50 free concerts throughout Kelowna and West Kelowna this summer. We look forward to many more summers enjoying these great concerts. If you didn’t have a chance to see them or didn’t know about these free concerts, “like” our RE/MAX Facebook page so you don’t miss out next year.
One of the amazing things about the agents that work in our office is their generosity. I have mentioned in the past about the RE/MAX Realtors Legacy Foundation of the Central Okanagan. This foundation was started by the agents of RE/MAX Kelowna and West Kelowna. This year we were able to provide a $5,000 donation to the YMCA kids programs and a $20,000 donation to JoeAnna’s House. It was such an honour for RE/MAX to be part of helping build JoeAnna’s House.
As the Real Estate market changes, we are starting to see interesting swings in the stats, published by the Okanagan Mainline Real Estate Board. As the number of home sales continue to decrease and a more normal and stable market begins to emerge it becomes more and more important to deal with a full time professional agent who have the experience to truly understand these changing market conditions. Call me if you would like to talk about the market.
Stat Comparison AUGUST 2017 vs. AUGUST 2018
Number of Sales by Month; 2017 2018
591 449
Number of Sales Year to Date;
2017 2018
4,673 3,699
Residential House Prices by Month;
2017 2018
Average $682,814 $687,413
Median $648,000 $640,500
Residential House Prices Year to Date;
2017 2018
Average $676,879 $721,326
Median $624,950 $668,950
Number of Units Listed;
2017 2018
955 993
Days to Sell by Month - Residential ;
2017 2018
46 60
Days to Sell Year to Date - Residential;
2017 2018
47 52
Single Family Sales by PriceYear to Date AUG 2018
Price Range 2017 2018
$0 - $239,999 7 7
$240,000 - $319,999 28 22
$320,000 - $399,999 95 71
$400,000 - $479,999 252 168
$480,000 - $559,999 494 374
$560,000 - $999,999 1,975 2,275
$1,000,000 and Over 451 638
Active Inventory Central Okanagan - AUG 2018
Residential 1,265
Condo 554
Mobiles 39
Lots 416
Townhomes 359
