Huge month for South Okanagan home sales - InfoNews

Current Conditions

Partly Cloudy
7.0°C

Huge month for South Okanagan home sales

Home sales were up 42 per cent in the South Okanagan last month compared to September 2018.
October 09, 2019 - 3:25 PM

PENTICTON - Things are looking up in the South Okanagan real estate market as sales and sales volume rose significantly last month.

The South Okanagan Real Estate board reports September total residential sales increased by 42 per cent, from 140 units sold in September, 2018 to 198 units sold this September.

Total sales volume also rose by 47 per cent, from $60,977,338 in September 2018 to $89,474,730 this September.

Total active listing for September, 2019 were up 7.25 per cent to 2085 from 1,944 in September, 2018.

“Home sales continued to strengthen in September, coming in well above the same month last year,” South Okanagan Real Estate Board President Dori Lionello said.

Supply and demand is also well balanced and prices are on track for a gain in line with the overall consumer price inflation, Lionello said.


To contact a reporter for this story, email Steve Arstad or call 250-488-3065 or email the editor. You can also submit photos, videos or news tips totips@infonews.ca and be entered to win a monthly prize draw.

We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above.

News from © iNFOnews, 2019
iNFOnews

  • Popular kamloops News
  • Comments
View Site in: Desktop | Mobile