You know Spring is here when the real estate market heats up!

There were 555 properties listed in the South Okanagan in April which is up 27% from April of last year. To date there have been 1752 new listings put on the MLS® System which is up 23% over 2023. In essence we have much more selection than last year.

154 properties changed hands last month which is slightly off the 165 that sold last April ranking unit sales down 6% in April and 10% year to date with 468 properties being sold

thus far.

Summerland Market Update

In Summerland 76 properties hit the market in April which is up a full 49% from April of last year.

Year to date 227 properties have hit the market this year which is up 7.5% from listing numbers last year same time period.

14 properties traded hands in April which was very quiet as many buyers sit on the sidelines and wait for some relief on interest rates. Year to date 47 properties have sold which is down a full 45% from unit sales of last year.

The Average Sale Price for a Single Family Home in Summerland increased slightly by 1.32% to $930,139. The Average Sale Price for a Single Family Home in the South Okanagan is $814,286 which is up 3% over last year.

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Penticton Market Update

154 properties changed hands last month which is slightly off the 165 that sold last April ranking unit sales down 6% in April and 10% year to date with 468 properties being sold thus far.

In Penticton 187 properties hit the market in April which is up a full 20% from April of last year. Year to date 650 properties have hit the market this year which is up 29.48% from listing numbers last year same time period. 76 properties traded hands in April which was very quiet as many buyers sit on the sidelines and wait for some relief on interest rates. Year to date 229 properties have sold which is down a full 3.38% from unit sales of last year.

The Average Sale Price for a Single Family Home in Penticton decreased slightly by 3.74% to $820,608. The Average Sale Price for a Single Family Home in the South Okanagan is $814,286 which is up 3% over last year.

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Osoyoos Market Update

In Osoyoos 99 properties hit the market in April which is up a full 37.5% from April of last year.

Year to date 286 properties have hit the market this year which is up 23.28% from listing numbers last year same time period.

15 properties traded hands in April which was very quiet as many buyers sit on the sidelines and wait for some relief on interest rates. Year to date 44 properties have sold which is down a full 37.14% from unit sales of last year.

The Average Sale Price for a Single Family Home in Osoyoos YTD increased by 67.3% to $992,208. The Average Sale Price for a Single Family Home in the South Okanagan is $814,286 which is up 3% over last year.

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