Michael A. Jones - PREC* | Royal LePage Kelowna
October data shows Vernon and the North Okanagan outperforming provincial trends. Sales jumped 18.1% year over year, while inventory tightened and absorption strengthened. The sales-to-new-listings ratio printed at 61.2%, signaling a seller-leaning market. Homes are selling in …
View MoreMichael A. Jones - PREC* | Royal LePage Kelowna
October data shows a market finding balance despite cautious buyer sentiment. Bank of Canada rate cuts are stabilizing prices and maintaining seasonal activity, but they are not driving demand spikes. Sales fell 5.6% year over year while dollar …
View MoreMichael A. Jones - PREC* | Royal LePage Kelowna
September stayed active across the North Okanagan. Sales and volume jumped year over year, while inventory edged higher. Detached homes moved well with flat pricing, townhomes held steady with slight softness, and condos improved in sales with mixed …
View MoreMichael A. Jones - PREC* | Royal LePage Kelowna
August was another steady month for the Vernon & North Okanagan market. Sales and sales volume climbed strongly year over year, while inventory remained higher than last year but eased from July. Detached homes held firm with modest …
View MoreMichael A. Jones - PREC* | Royal LePage Kelowna
August data confirms a buyer-leaning market. New listings have declined for six straight months. Supply sits higher than last year, yet lower than July. Sales rose 12% year over year, but fell from last month as the fall …
View MoreMichael A. Jones - PREC* | Royal LePage Kelowna
July was an active month in the Vernon & North Okanagan area, especially compared to last summer. Sales and prices increased across most segments. Detached home prices inched up slightly month-over-month, even as days to sell grew longer. Townhomes …
View MoreMichael A. Jones - PREC* | Royal LePage Kelowna
July was an interesting month, marking a slight return to overall momentum. Sales rose month-over-month, largely spurred by increased condo sales, representing a market driven by first-time buyers and people downsizing. Buyers acted despite steady rates. Inventory remains high, …
View MoreMichael A. Jones – PREC* | Royal LePage Kelowna
The June numbers for the North Okanagan — including Vernon, Coldstream, and Armstrong — show a steady, active market. Sales volumes rose modestly. Single-family demand continues to lead, while townhomes and condos show signs of cooling or adjustment.
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Michael A. Jones – PREC* | Royal LePage Kelowna
June brought a slight dip in sales activity across the Central Okanagan—but with steady prices, faster sales, and tight supply, the market remains active. Listings continue to come online, yet inventory remains below demand. Confidence holds firm, particularly in …
View MoreMichael A. Jones – PREC* | Royal LePage Kelowna
May brought a softer pace to the North Okanagan real estate market. Sales volume and transaction count dipped compared to last year, but prices remained stable across most categories. With inventory slowly building and days to sell improving, the …
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