Kelowna home sales drop

Kelowna home sale activity trend is not other communities across Canada. Existing-home sales fell 9.5 per cent in May from the previous month as Canada's housing market began to wind down from near-record activity as new mortgage rules had their first full month in effect. Sales totalled 37,576 on a seasonally adjusted basis, down from 41,502 in April, because of declines in Vancouver, Toronto, and Ottawa, the Canadian Real Estate Association said.

Check out the hard facts from Okanagan Mainline Real Estate Board:

KELOWNA SINGLE FAMILY RESIDENTIAL
Total Monthly Sales
2010 (2009)

January 90 (43)
February 94 (55)
March 129 (90)
April 151 (121)
May 140 (136)
June 1st-17th 70 (95)

Kelowna monthly home sale activity numbers for the first five months of 2010 exceeded each months totals for 2009. However as 2010 unfolds the current market trend is indicating total monthly sales are lessening not increasing (which is generally characteristic of Kelowna's housing market - "warm weather - increased sale activity").

Even with Kelowna's market seeing less monthly sale activity than last - it's a great real estate market. You just have to know how to best take of advantage of it - talk to june@juneconway.com OR 250.317.3136. You'll be glad you did!

City of Kelowna includes the areas of Black Mountain*, Dilworth Mountain, Ellison*, Glenmore, Joe Riche*, Kelowna North, Kelowna South, Lower Mission, North Glenmore, Rutland North, Rutland South, Southeast Kelowna, Springfield/Spall, University District and Upper Mission. *Portions of fall under the jurisdiction of Regional District of Central Okanagan.