Real estate sales up

North Okanagan real estate remains strong - up 24.5 per cent in September, compared to same month last year

  • Oct. 8, 2014 12:00 p.m.

North Okanagan real estate remains strong.

There were overall real estate sales of 188 units in September, up 24.5 per cent from 151 units during the same month in 2013.

Residential sales for the month were up 27.3 per cent over last year, with 168 units sold compared to 132. There were 92 single-family home sales, up 26 per cent from 73 in September 2013.

“The North Okanagan remains a stable market for both buyers and sellers,” said Darcy Griffiths, Okanagan Mainline Real Estate Board president.

“Despite tightening supply, the price of single-family homes is fairly stable in most areas, and mortgage rates remain at historic lows, so there are great opportunities for buyers and sellers to get into the market.”