Real estate sales were strong in the North Okanagan in 2012
Real estate activity in the North Okanagan remained strong in 2012.
From January to December, overall sales improved by 8.6 per cent compared to the same period in 2011 (from 1,345 at $464.3 million to 1,461 units valued at $484.9 million).
“The year ended fairly positively,” said Rob Shaw, Okanagan Mainline Real Estate Board president.
“While many markets in the province were sluggish, OMREB saw strong gains most of the year and did not see declines until the last couple of months.”
Total residential sales at year‐end were up 10.2 per cent over 2011.
Compared to 2011, single-family residential sales showed the greatest improvement (up 18.7 per cent), with townhouses close behind at 14.6 per cent.
Overall sales for December in the North Okanagan dropped 21.5 per cent to 62 units valued at $21.2 million from 79 at $26.9 million in 2011.
Total residential sales for the month were down 27.5 per cent over 2011 — to 50 units valued at $16.3 million versus 69 at $22.4 million.
Single-family home sales slipped 20 per cent to 28 units compared to 35 in 2011.