Real estate sales decrease in October

Overall October unit sales and sales volumes in the North Okanagan slipped by 15.25 per cent to 100 units compared to 118 in 2010.

Anyone trying to sell their house continues to experience challenges.

Overall October unit sales and sales volumes in the North Okanagan slipped by 15.25 per cent to 100 units ($30.4 million) compared to 118 ($36.8 million) in 2010. They decreased 7.4 per cent from the 108 units sold this September.

“The dramatic divide between the Lower Mainland and Interior markets has narrowed considerably as lagging consumer confidence and apprehension about making big purchases has cooled the overall demand in most B.C. markets,” said Rob Shaw, Okanagan Mainline Real Estate Board vice-president.

“Concerns about employment, personal debt load and net worth continue to be fuelled by economic uncertainty, equity market volatility and global instability.”

Total North Okanagan residential sales for October fell 5.89 per cent to 90 units compared to 107 last year, and dropped 8.88 per cent from the 98 sold in September.

Single-family sales rose 4.08 per cent to 51 units over 49 in October 2010, and improved by 9.8 per cent compared to 46 sold in the previous month this year.

While last month’s inventory dipped slightly (0.91 per cent) to 2,390 compared to 2,412 last year, the 324 new listings taken in the North Okanagan showed a 10 per cent decrease from 360 listings in 2010.








Just Posted

PHOTOS: Splatsin canoe family completes eight-day journey

Splatsin youth, workers were Paddling Together from Powell River to Gibsons Beach

Quality Greens purchase points keep food on the table

New partnership between Quality Greens, Upper Room Mission is helping those in need

Okanagan-Shuswap weather: mix of sun and cloud, chance of showers

Environment Canada is calling for a sunny weekend across the Okanagan

North Okanagan seeks provincial approval of bag ban

RDNO timeline to have ban in effect by 2020 may no longer be possible

Rain wipes out Vernon’s Civic Sounds

The Dirt Road Kings were to have played Thursday night; series resumes next Thursday

When walls talk: Vernon murals see generation II

“This new movement, an app, will bring the strength of some of those same Vernon visionaries together again into a newdigital form”

Bank of Canada lowers qualifying rate used in mortgage stress tests

Home sales softened last year after the federal government introduced new stress test rules for uninsured mortgages

Health: Living longer, a myth?

A new column to Black Press from CHIP HealthLine Solutions

Memorial plaques stolen from Okanagan cemetery

Four plaques were stolen from Lakeview Memorial Gardens in Kelowna

Sustainable farming summit coming to the Okanagan

Kelowna will soon host a summit on how the food industry can reduce its climate impact

Couple found dead along northern B.C. highway in double homicide

Woman from the U.S. and man from Australia found dead near Liard Hot Springs

UBC Okanagan professor details wildfire risks

Associate professor David Scott provides details for the Okanagan’s wildfire season

B.C. man pleads guilty in snake venom death of toddler

Plea comes more than five years after the incident in North Vancouver

Trudeau says Ottawa open to proposals for B.C. refinery as gas prices soar

Prime minister says he knows B.C. residents are struggling and the federal government is open to ideas

Most Read