Kelowna Real Estate Market Statistics – February 2017

Here is the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in February 2017.

Central Okanagan: Kelowna and Lake Country

There were 190 sales, 557 active listings, and a $638,604 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 62.

The condo market featured 83 sales and 301 active listings at the end of the month. The average sale price was $333,312 with 55 average days on market.

Townhome sales were 66, active listings were 182, average sale price was $421,425, and the average days on market were 62.

MarketHotSheet_February2017_CentralOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by the Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Macdonald Realty listings get extra exposure on international website LeadingRE.com

PrintMacdonald Realty offers consumers an easy way to search home listings and identify top real estate firms in markets worldwide through its participation in the new LeadingRE.com.

The site also brings global exposure for our BC real estate listings and provides consumer resources, such as cost of living comparisons, school information, recent home sales and other local resources and statistics. LeadingRE.com can be accessed via macrealty.com by clicking the Global Home Search logo on the homepage.

“LeadingRE.com now provides home buyers and sellers an easy way to identify the top-performing real estate companies in a given market by searching over 400,000 member listings or by using our comprehensive member directory,” notes Leading Real Estate Companies of the World Director of Strategic Development Rhett Damon. “Our network linking strategy connects many of our high-traffic member sites to LeadingRE.com’s national or global search, providing valuable listing exposure to home sellers.”

LeadingRE-homepage-2017

We're_Local_Global_Horizontal_RGB_Color_TM

For more information about Macdonald Realty and our LeadingRE partnership please email macrealty@macrealty.com or call 1-877-278-3888.  Looking to buy or sell, locally or globally?  Allow us to make a quality introduction to be matched with an independent brokerage and REALTOR® working in your area.

Kelowna Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in January 2017.

Central Okanagan: Kelowna and Lake Country

There were 103 sales, 517 active listings, and a $605,697 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 65.

The condo market featured 77 sales and 244 active listings at the end of the month. The average sale price was $295,258 with 59 average days on market.

Townhome sales were 37, active listings were 178, average sale price was $413,928, and the average days on market were 59.

MarketHotSheet_January2017_CentralOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by the South Okanagan Real Estate Board (SOREB) www.soreb.org and Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Quality | Connections | Independence

PrintMacdonald Realty is a member of Leading Real Estate Companies of the World™, a global community of real estate companies awarded membership based on rigorous standards for service and performance.

This LeadingRE distinction ensures that you can count on a quality real estate experience when working with us and will benefit from our global connections to buyers and high quality real estate professionals around the world.

[Read more…]

Kelowna Real Estate Market Statistics – December 2016

Here are the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in December 2016.

 

Central Okanagan: Kelowna and Lake Country

There were 131 sales, 496 active listings, and a $618,631 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 57.

The condo market featured 78 sales and 231 active listings at the end of the month. The average sale price was $272,330 with 54 average days on market.

Townhome sales were 61, active listings were 164, average sale price was $437,463, and the average days on market were 53.

Central Okanagan real estate market

 

Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Kelowna Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in November 2016.

Central Okanagan: Kelowna and Lake Country

There were 161 sales, 589 active listings, and a $610,573 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 54.

The condo market featured 100 sales and 280 active listings at the end of the month. The average sale price was $284,500 with 54 average days on market.

Townhome sales were 75, active listings were 220, average sale price was $400,324, and the average days on market were 75.

MarketHotSheet_November2016_CentralOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Kelowna Real Estate Market Statistics – October 2016

Here are the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in October 2016.

Central Okanagan: Kelowna and Lake Country

There were 221 sales, 642 active listings, and a $613,148 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 50.

The condo market featured 136 sales and 294 active listings at the end of the month. The average sale price was $295,697 with 51 average days on market.

Townhome sales were 76, active listings were 237, average sale price was $392,597, and the average days on market were 52.

MarketHotSheet_October2016_CentralOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by the South Okanagan Real Estate Board (SOREB) www.soreb.org and Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Asian investment growing | Castanet

The influence of Asian investment in commercial properties in Kelowna has grown significantly over the past 18 months.

That’s according to a report published by HM Commercial Group, licensed with Macdonald Realty Kelowna.

The report states low rates on return on investment in the Lower Mainland, compounded by the new 15 per cent residential tax for foreign nationals, is driving Asian investment into the Okanagan Valley, specifically Kelowna.

Several transactions involving Asian investment have been concluded over the past several months, including two high-density residential sites in the downtown area.

These include:

  • The former Monaco multi-family site. An urban twin-tower project on 1.04 acres, with approval for 161 hotel units and 128 condos. Sold via court-order for $6.5 million.
  • The former Lucaya project. A 21-storey residential tower adjacent to Prospera Place and Waterfront Park. Was acquired via court-ordered sale and has been rebranded as 1151 Sunset Drive and is in active pre-sales mode.
  • Lake Okanagan Resort. A 125-room, lakefront resort with a nine-hole golf course, tennis courts, marina and restaurant on 300 acres. Sold for more than $10 million.
  • 1601 Bertram Street, a 13,000-square-foot single-storey commercial building downtown (home to K96.3/Country 100.7 radio stations) sold for $2.4 million.

Along with these investments, the report says Asian investors are gobbling up wineries and golf courses across the valley.

Six vineyards and wineries have been brokered by Macdonald Realty Kelowna.

Large parcels of land, 50 acres or more, are also being purchased and because in some cases they include functional businesses, they also meet the criteria of the federal government’s immigration and foreign investment policies.


The article was originally posted on Castanet, October 27, 2016. Written by Wayne Moore .

Kelowna Real Estate Market Statistics – September 2016

Here are the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in September 2016.

Central Okanagan: Kelowna and Lake Country

There were 276 sales, 740 active listings, and a $623,092 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 29.

The condo market featured 159 sales and 337 active listings at the end of the month. The average sale price was $283,751 with 48 average days on market.

Townhome sales were 82, active listings were 237, average sale price was $438,831, and the average days on market were 55.

MarketHotSheet_September2016_CentralOkanaga

Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by the South Okanagan Real Estate Board (SOREB) www.soreb.org and Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Kelowna Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Central Okanagan listings and sales in August 2016.

Central Okanagan: Kelowna and Lake Country

There were 303 sales, 762 active listings, and a $616,480 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 44.

The condo market featured 178 sales and 376 active listings at the end of the month. The average sale price was $299,241 with 53 average days on market.

Townhome sales were 103, active listings were 222, average sale price was $416,118, and the average days on market were 54.

MarketHotSheet_August2016_CentralOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Central Okanagan? 

Macdonald Realty has offices in Kelowna and across BC.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.