North Okanagan real estate sales climb in August

There was improved activity in the North Okanagan’s real estate sector.

There was improved activity in the North Okanagan’s real estate sector.

There were 149 units sold in August, up 21.1 per cent compared to 123 during August last year.

“The market has been on the upswing this year, particularly during the second and third quarters,” said Rob Shaw, Okanagan Mainline Real Estate Board president.

“Growth that started in the spring has continued through the summer with real estate sales recovering. Surprisingly, sales in August rose despite the hot weather that typically keeps potential buyers and sellers in summer vacation mode.”

For residential sales, there were 135 units in August, up 31.1 per cent from 103 in 2011.

Single-family homes saw a 62.5 per cent leap over 2011 (78 units compared to 48), and townhouse sales jumped 37.5 per cent (from 16 to 22).

Year-to-date unit sales for 2012 improved 10.2 per cent compared to activity during the same period last year (to 1,030 valued at $348.4 million from 935 at $329.5 million).