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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.

Download January 2021 Newsletter PDF

+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

Reflections

With the strangeness of 2020 now behind us, it is time to look ahead, remember what is important to us, and evaluate our paths ahead.

We at the Okanagan Lifestyle Group wish you a fantastic 2021.

 

Not intended to solicit properties currently listed for sale or individuals currently under contract. Sotheby’s International Realty Canada is Independently Owned And Operated.