Home sales up over last year

Real estate activity remains strong in the North Okanagan.

  • May. 10, 2015 11:00 a.m.

Real estate activity remains strong in the North Okanagan.

There were 203 units sold overall in April, up 26.1 per cent from 161 units during the same month in 2014. Year-to-date sales activity was up 2.3 per cent compared to last year (from 497 to 513 units).

“Driven by confident local buyers, April home sales were robust as the market continued at a strong and steady pace, following the rising trend in most B.C. markets where activity is being fuelled by pent-up demand,” said Christopher Miller, Okanagan Mainline Real Estate Board president.

Total residential sales for April improved by 24.3 per cent from 2014, with 203 units sold compared to 151.  Single-family home sales were up by 15.9 per cent compared to April 2014 (to 102 units from 88).

The average days to sell a single-family home in the North Okanagan in April was down to 81 days compared to 114 in 2014, while days to sell year-to-date (January through April) averaged 92 days compared to 123 last year at this time.