Summer Is Here!
Summer is here and it is here to stay with this hot dry Okanagan weather! We hope you are enjoying your time making new memories in this beautiful valley we get to call home. Our Agents are busy working with their seller clients to list their properties NOW.
Summer is the most popular time for moving with the kids out of school and vacation time can be taken to settle into that new home or vacation property before the school year starts up again and the weather changes to fall.
Let’s take a look at what has been happening in the market so far this summer. 530 properties were listed in the month of June in the South Okanagan which is up 12.53% from last June.
Unit Sales across the South Okanagan are on par with last year, with 193 unit sales which is down 6.31% from the 206 unit sales reported in June of last year.
Summerland Market Report
The average days to sell a Single Family Home in Summerland for YTD in 2023 has increased to 46.8 days from last year’s 37.72 days.
In Summerland, 72 properties were listed for sale in June which is more than June 2022 by 12.5%.
Unit sales in Summerland are up 27.27% in June compared to the same time last year. Like most of the South Okanagan and BC YTD Sales are down however, only by 8.28% in Summerland, with 144 units sold so far in 2023.
Osoyoos
The average days to sell a Single Family Home in Osoyoos for YTD in 2023 has increased to 78 days from last year’s 44 day.
In Osoyoos, 85 properties were listed for sale in June which is up 8.97% from the 78 homes listed June of last year.
Unit sales in Osoyoos, like most of the South Okanagan and BC were down 36.90% YTD, with 118 units sold so far in 2023.
Penticton
The average days to sell a Single Family Home in Penticton for YTD in 2023 has increased to 56 days from last year's 36 days. In Penticton, 184 properties were listed for sale in June which is slightly more than June 2022 by 6.36%.
Unit sales in June in Penticton are down 9.28%, with 88 units sold in June 2023. YTD Sales were down 24.77% in Penticton, similarly across the South Okanagan, with 410 units sold 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 advisor We are YOUR trusted advisors, with world connections!
Enjoy your summer holidays from our HOME to yours
