house for sale in Kelowna

Why NOW is the best time to list your home in Kelowna

Family home-Quincy Vrecko Real Estate

If you are thinking of selling your home in Kelowna, now is the best time to list.  Top real estate team with RE/MAX Kelowna explains why you should list your home in Kelowna or area now instead of waiting until the spring.

Tracey Vrecko, one of the top agents with Quincy Vrecko and Associates explains why now is the time to list your home in Kelowna. 

 

“The real estate market in Kelowna has been on a roller coaster ride over the past few years.  With home sales soaring in 2017, just to soften up mid 2018 and into 2019. However, things are looking up for 2020.”   

“The first 2 months have both posted an increase over the same time last year.  Not only have real estate sales increased there has also been an increase in average home sale prices.  This combined with low inventory of homes for sale in Kelowna has made for a very strong start to 2020.”  

“This is a great sign that buyers’ confidence in the real estate market is being restored” comments Tracey Vrecko

Vrecko goes on to say. “I would encourage anyone who is thinking of selling this year, to list your home in Kelowna as soon as possible.  Inventory is low and there is definitely a strong demand”

kelowna market statsYear to date sales statistics: 

  • Sales: +16% 
  • Average home sale prices: +8.9%

The average home sale prices are higher this year partly due to an increase in luxury home sales.  The number of luxury homes in Kelowna to sell in 2020 is up 53% over last year. This has had a major impact on the average home sale prices in Kelowna and surrounding areas. Overall, the market seems to be picking up in all price points. 

sold in Kelowna Luxury Real estateWith strong real estate sales numbers and low inventory in homes for sale in Kelowna, make a perfect storm for home sellers.  This is why the best time to list your home in Kelowna is NOW!

For a professional home market evaluation, call the team at Quincy Vrecko and Associates.  This top real estate with RE/MAX Kelowna offers tailored marketing programs. This dynamic team has a proven track record for achieving top dollar for their clients’ listings.