Market News - December 2020
A Year to Remember
The market stayed both busy and strong, setting Fall records and only slowing down as we approach Christmas time. The strong demand for Okanagan Real Estate continues to be driven by 41% of buyers from outside the Okanagan. With Mortgage rates promising to stay low, the Seller's market will likely continue to accelerate into 2021. People's desire for the lifestyle offered in the Okanagan shows no sign of stopping!
+13.96%
AVERAGE PRICE
increase for sales in 2020 from this time last year.
57
DAYS TO SELL
21% (15 days) faster than this time last year.
$769,500
MEDIAN PRICE
for a single family home in the Okanagan.
Let's Chat
Brody Mader
250-899-1455
brody@okanaganlifestylegroup.com
Suite 108 - 1289 Ellis St, Kelowna, BC V1Y 9X6
Not intended to solicit properties currently listed for sale or individuals currently under contract. Sotheby’s International Realty Canada is Independently Owned And Operated.