Residential sales climb

There’s been a slight upswing in the North Okanagan’s real estate market.

Overall sales for July were up by 18.69 per cent compared to 2010 (from 107 to 127), with sales volumes at $49.3 million compared to $39.9 million last year.

However, sales dipped three per cent from the 131 units sold during June.

While total residential sales for July rose by 12.62 per cent compared to July 2010 (from 116 to 103), single-family sales jumped 33.33 per cent over last year (from 51 units to 68).

“Some market segments are holding their own in the Okanagan-Shuswap while others like the recreation and investment segments are down,” said Darcy Griffiths, with the Okanagan Mainline Real Estate Board.

“We are hopeful the current warm weather and influx of potential out-of-town buyers will result in modest gains during August.”



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