Take advantage of Kelowna real estate opportunities where other's don't!

Yes, Kelowna single family residential sale numbers continued sliding downwards in September, hitting a low for that month comparable to 2008 and as far back as 1998. but in the big picture, experts vary in their opinions forcasting short-term softness of BC real estate markets.

KELOWNA SINGLE FAMILY RESIDENTIAL SALE TOTALS OVER THE YEARS.....

As Kelowna residential sales have declined month-to-month since late Spring so has the average and median price of single family Kelowna residences.  What this all means is great time to buy-in if your wanting ownership.  Relative if you are are a Seller and wanting to trade-up or down in the same market as yes, you likely will receive less for your home today but you will buy for less and run with equity increase in your new purchase.  What is great about buying today is there is choice and time.

KELOWNA SINGLE FAMILY RESIDENTIAL AVERAGE & MEDIAN PRICES OVER THE YEARS IN .....

 If you have owned your Kelowna home for at least five years it appears from the above stats you have gained substantial equity and no matter whether prices adjust down as experts are predicting (10-15%) you likely still have lots of equity!

Are you ready to forge ahead and take advantage of the current Kelowna real estate market opportunities?  To facilitate a more than successful sale and or purchase contact me:  june@juneconway.com OR 250.317.3136.

Real estate market is dynamic!

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.

Average Price: A mean average is the average price obtained by dividing the total dollar volume of sales by the number of sales.

Median Price: A median  is the median price obtained by arranging a list from the lowest value to highest value and picking the middle one.  Is said to be less biased than the average price since it is not as heavily influenced by the small number of very highly priced homes.