Latest Real Estate News by Dulcie Sharpe

6486 Sherburn Road. Amazing views. Ready for development. Offered at $439,900.00
Kelowna and Area Real Estate News

6486 Sherburn Road. Amazing views. Ready for development. Offered at $439,900.00

Located in a family friendly neighbourhood with lots of new homes. This lot is ready to go. Don’t miss out on this opportunity. Get ...

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New property listed in Kelowna
New Listings

New property listed in Kelowna

I have listed a new property at 1006 1232 Ellis Street in Kelowna. See details here You can own this location 2 bedroom/1 bathroom ...

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New property listed in Kelowna
New Listings

New property listed in Kelowna

I have listed a new property at 1 295 Highway 33 E Highway East in Kelowna. See details here Discover the charm and comfort of this ...

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New property listed in Rutland
New Listings

New property listed in Rutland

I have listed a new property at 110 1133 Findlay Road in Rutland. See details here Welcome home to 110-1133 Findlay Road located in ...

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New property listed in West Kelowna
New Listings

New property listed in West Kelowna

I have listed a new property at 3508 Galloway Road in West Kelowna. See details here This split entry rancher has an in-law suite with ...

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New property listed in West Kelowna
New Listings

New property listed in West Kelowna

I have listed a new property at 307 3521 Carrington Road in West Kelowna. See details here Immediate Possession Available. Located ...

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New property listed in Peachland

I have listed a new property at 6486 Sherburn Road in Peachland. See details here

Don't miss out on this Lot in Peachland with sweeping lake and mountain views located on a cul-de-sac. It doesn't get any better than this. Oh but wait, it does. You can bring the builder of your choice to design your dream home here. The lot is approximately 91 ft wide X 123 ft deep. In just a short drive, you can be in downtown Peachland surrounded by the finest restaurants and coffee shops as well as the playground of Lake Okanagan. Don't forget to bring your paddle board, kayak and speed boat. (id:2493)

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Healthier Local Real Estate Market On The Horizon

 

KELOWNA, B.C. – June 3rd, 2021. Residential real estate sales across the region from Revelstoke to Eastgate Manning Park and into the South Peace River region is showing signs of calming after months of record highs, reports the Association of Interior REALTORS®.
 
Residential sales for the month of May for the entire Association region totalled 1,482, down from April’s 1,719 sales. The same area also saw significant percentage increase in year-over-year comparisons, however that is still in comparison to the worst months of the pandemic.
 
“There is a slight reduction in pressure that is creating a calming effect for a healthier market for both buyers and sellers,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “we are seeing an easing up on the gas pedal that has been going above the speed limit, to now moving within a reasonable pace.”
“While the market may be slowing down from an all-time record, it does not mean the market has softened, it means the buyer frenzy has calmed down slightly,” says Heizmann.
 
The supply of active residential listings dropped slightly from April’s 2,818 to 2,554 current listings across the Association region.
 
The benchmark price for homes in the Central Okanagan, North Okanagan and Shuswap/Revelstoke regions once again saw double-digit percentage increases in year-over-year comparisons in all home categories categories.
 
In the South Okanagan, where benchmark pricing is currently not available, average sales prices were also up year-over-year in all home categories with single-family homes seeing the highest percentage increase of 42%. The average sale prices for single-family homes in the South Peace River increased 12% in comparison to May 2020 average price, but saw no sales in the condo category.
 
Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.
 
Visit HERE for more articles on Real Esate.
 
 
 
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