We hope that this month’s newsletter finds you and yours well and in good health! With the spring weather finally here, the spring market is upon us as well! Our Agents are working with their clients to get their property ready to be listed for sale now that conditions allow for more time spent outdoors.
Let’s take a look at where the market is now. 435 properties were listed in the month of April in the South Okanagan which is slightly down just over 7% from last April. Unit Sales across the South Okanagan have not kept pace with listings however, we are seeing an uptick with 156 unit sales which is down 35% from the 240 unit sales reported in April of last year.
The average days to sell a Single Family Home in Summerland for YTD in 2023 has increased to 46.78 days from last year’s 42.57 days. In Summerland, 51 properties were listed for sale in April which is slightly lower than April 2022 by 26%
The average days to sell a Single Family Home in Penticton for YTD in 2023 has increased to 61.36 days from last year's 37 days.
In Penticton, 155 properties were listed for sale in April which is still slightly lower than April 2022 by 17.55%
Unit sales in Penticton, like most of the South Okanagan and BC were down 23.23%, with 76 units sold in April 2023.
The average days to sell a Single Family Home in Osoyoos for YTD in 2023 has increased to 74 days from last year’s 42.57 days. In Osoyoos, 71 properties were listed for sale in April which is right on par with last year, only off by 1.43%. Unit sales in Osoyoos, like most of the South Okanagan and BC were down 45% YTD, with 67 units sold in so far in 2023.
We continue to assist our Buyer clients in acquiring property on their journey of new home ownership.
Our Seller clients continue to realize valuable returns on their investment when they sell and are also often choosing to port their existing, low rate mortgages to new properties when they move.
As always, we are here to provide you with timely information
and assist you in making smart investment decisions.
We are YOUR trusted advisors, with world connections!
Love where you live!
Happy Victoria Day,
from our HOME to yours,