Kelowna real estate is my forte

The Central Zone of the Okanagan Mainline Real Estate Board (OMREB) report August 2010 sales activity of al MLS property types picked up as summer comes to an end and the Buyer market continues.  While inventory is starting to decline and sales volumes increasing year-to-date with unit sales improving over the past month, sale figures are down from August 2009.

• Inventory fell 0.71%  compared to last year at this time (to 5,309 from 5,347)
• New listings decreased 6.02% over August 2009 (827 compared to 880) – dropping 9.52% from last month (914)
• Overall sales were down 26.61% compared to last August (to 284 from 387), they improved by 18.83% over this July (239)
• Total residential units sold decreased 28.69% over August 2009 (to 261 from 366) but were up 9.92% over last month (215)
• Sales of single family units decreased 28.41% from last August (to 126 from 176), but were up 10.47% from last month (105)
• Total sales activity year-to-date (YTD) has improved 8.62% compared to the first eight months of 2009 (to 2,723 units from 2,507) and sales volumes YTD are up to $1,109,667,446 from $969,939,969 last year
• Half of the homes sold in August were less than $437,500 (median price); $21,500 less than last month
• The average price of a home dropped from $513,310 to $496,077 in August; $17,233 less than last month

Buyers: "It's a great time to own a slice of Kelowna real estate!" 

Seller's:  "Yes, its a Buyer's Market but for a it can be a super time to sell and buy in the same market if you want to consider upsizing, downsizing, desire a newer home instead of renovating or whatever.

Buying, selling real estate is my forte.  Let's talk to see how best to max on today's market.