Real estate activity climbs in March

Real estate sales remain active in the North Okanagan.

There were 143 overall units sold in March, up 32.4 per cent from 108 units during the same month in 2013.

For total residential units, there were 132 sales, up 36.1 per cent from 97 units. Of these, there were 90 single-family home sales, up 73.1 per cent from 52 in March 2013. The days to sell dipped to 117 from 132.

“Moving into spring, we are hopeful that activity will pick up as the weather improves and buyers are spurred by the drop in long-term mortgage rates,” said Darcy Griffiths, Okanagan Mainline Real Estate Board president.

“Considering that all aspects favour buyers, now is the time to get into the market while there is still a good selection of properties to choose from.  Despite a declining inventory, prices remain stable with more balanced market conditions, and low interest rates continue to be available.”


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.

You might like ...

Virk shuffled to new job after Kwantlen flap
Kettle campaign needs influx of support
Community forest keeps active
Sun Valley Source For Sports Vipers earn Bantam gold
Part III: Youth Dealing with Depression
Lack of addiction treatment flagged by crime panel
Tourism Kelowna loves the look of the new Super, Natural BC
Interdisciplinary fine arts degree at UBCO
Attempted assault at youth centre

Community Events, December 2014

Add an Event

Read the latest eEdition

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

Dec 19 edition online now. Browse the archives.