June stats for Kelowna real estate
Posted by paige on July 7, 2010 | No Comments
Kelowna real estate sales are down again for the 2nd month in a row. In June there were 346 total sales and in May 378. Sale and listing stats up to June 2010 in Kelowna . What does this mean? It means that sellers have to to priced aggressively to attract the wary buyer.
The rush to beat the HST and lower locked in interest rates is over and the next batch of buyers are being very cautious and taking their time. Interestingly, product that has been typically moving quickly and priced under $400K is not moving much at all right now. In June there was 11 homes that sold over $800,000 and 9 of those were over $1,000,000. Haven’t seen those kind of numbers in a while.
Summer has arrived and will no doubt dispell the uncertainty that people are feeling… Kelowna, the best place on earth!
Talk to you soon…
Paige
