As luxury Kelowna real estate specialists, we keep an eye not just on our own listings, but also on the wider market here in the Okanagan. That is one of the reasons we pay such close attention to the monthly releases put out by the Okanagan Mainline Real Estate Board (OMREB).
OMREB recently released the sales numbers for September 2014, and we’re very happy to report that September was another great month for the Okanagan-Shuswap real estate market!
In hard numbers, sales of all types of MLS® listed property were up by a massive 32% through the region when compared to September 2013. In fact, the overall numbers represent the best September the area has seen sales-wise since September 2005! In our area specifically, (the Central Okanagan) sales were up 36.3%.
In the media release sent out by the OMREB, President Darcy Griffiths shared some thoughts: “The uptake in summer sales activity in our Board area continued through into September… Reflecting the renewed consumer confidence and demand that began to unfold in the spring, the Okanagan-Shuswap housing market has maintained a strong upward year-over-year and month-over-month sales trajectory since April.”
That is very good news, indeed! Long may our healthy real estate market continue to flourish.
If you have questions about Kelowna/Okanagan real estate, please contact us. We’ll be happy to help.