September was a fantastic month for the real estate market in Kelowna and the Central Okanagan Valley. The crisp autumn air is definitely upon us but it’s almost as if real estate is heating up. Our market tends to slow down month-to-month as we move closer towards the end of the year and while that is true as well for this year, September sales were up 11.54% compared to September 2018 and for single family homes we actually saw more transactions than we did in both 2018 and 2017!
This week I was invited to attend a special media event introducing the upcoming Beverly Kelowna condominium building coming to the City’s Midtown neighbourhood at the intersection of Spall Road and Enterprise Way. It’s been exciting to see new development on a prime site that has been vacant since I moved to Kelowna thirteen years ago. I’ve been watching the construction on the West end of the site of the now nearly complete 161-room Hyatt Place Hotel, seeing progress every time I drive up to Glenmore or use Clement Avenue to get downtown.
Whether you’re selling or purchasing a Kelowna home, it’s important to understand the Kelowna real estate market. With this post, I take a deep dive into the Days to Sell key performance indicator.