Our part of the world is a wonderful place to live, and our very active real estate market and the demand for property in our area reflects that.

The Okanagan Mainline Real Estate Board (OMREB) recently released the Okanagan-Shuswap sales figures across all MLS property types for July. The month saw its most significant unit sales since 1980, and improved on last year’s numbers by a massive 30%.

Such a considerable rise is fantastic news for the Okanagan-Shuswap.  

“Month-over-month, the Okanagan-Shuswap housing market continues to remain strong as we make steady strides toward recovery,” explains Darcy Griffiths, OMREB President and active REALTOR® in the North Okanagan. “Renewed consumer confidence has boosted demand as buyers return to mid and higher end homes, and sellers who had given up are trying again with more success.”

Within the overall 30% rise in unit sales, the North Okanagan saw the most dramatic increase with a 56% jump in units sold. Meanwhile, the Central Okanagan saw a 23% increase in unit sales.

Incidentally, the market is currently attractive to both buyers and sellers, as low mortgage rates combined with steady values mean that now is an excellent time to invest in the market, while, typically, this time of year, as we build up toward the colder weather (sorry for reminding you), is also a good time to sell.

If you have any questions about real estate in our region, please contact us.