Market News - January 2021
Moving into the Future
We always get asked our thoughts on the upcoming market. Real estate is a strange mix of statistics, facts, and subjectivity. Looking at historic trends and the flood of people seeking a new life in the Okanagan, 2021 is set to be another record-breaking year. Already experiencing one of the busiest January's we have had at the Okanagan Lifestyle Group, the market is likely to continue its ramp-up through out the year. We predict a strong seller's market, with multiple offers, and a continued price climb in the 15-25% range for single-family homes.
+25.77%
AVERAGE PRICE
increase for sales in 2020 from this time last year.
59
DAYS TO SELL
33% (28 days) faster than this time last year.
$770,000
MEDIAN PRICE
for a single family home in the Okanagan.
Let's Chat
Brody Mader
250-899-1455
brody@okanaganlifestylegroup.com
Kaity Hemminger
250-869-4454
kaity@okanaganlifestylegroup.com
Suite 108 - 1289 Ellis St, Kelowna, BC V1Y 9X6
Not intended to solicit properties currently listed for sale or individuals currently under contract. Sotheby’s International Realty Canada is Independently Owned And Operated.