News

Local real estate sales on the rise

There’s been some upward movement in the North Okanagan’s real estate sector.

There were 125 overall sales in March, a 6.9 per cent increase compared to 117 in 2011 and a 42 per cent increase from  88 sales in February.

“Home  sales were steady during March with some fluctuations depending on the community and the housing type,” said Rob Shaw, Okanagan Mainline Real Estate Board president.

“Continuing to trend on long-term averages, the modest rise in unit sales reflects the gradual growth in the economy and points toward a brighter seasonal market ahead.”

Total residential sales for March was 114 units, an 11.8 per cent increase compared to 102 sales in March 2011 and a 54.1 per cent hike from 74 units in February.

Single-family home sales (66) for the month were up 29.4 per cent compared to the units sold in March 2011 (51) and they improved by 57.2 per cent compared to unit sales this February (42).

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

Community Events, September 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Aug 31 edition online now. Browse the archives.