Kelowna, BC – The
Okanagan Mainline Real Estate Board (OMREB) reported June 2012 sales activity
of all MLS® property types showed marked improvement compared to the same month
last year and the first half of 2011, as the housing market shifts into more
balanced conditions and records double digit gains during the second quarter of
this year.
“During the past three
months straight, the Okanagan-Shuswap has experienced a marked increase in
sales activity -- leveling off a bit in June (15%) compared to May (19%), as
thoughts turned to the end of school and family vacations. Renewed buyer
interest and consumer confidence are still on the rise and expected to see
ongoing improvement as summer unfolds,” says Rob Shaw, an active REALTOR® in
the North Zone and OMREB President.
“While the market has
softened in the Lower Mainland, the Interior continues to see the greatest
growth in unit sales and the Okanagan is now leading the province,” Shaw
notes. “Sales activity in all three zones and in most segments has
strengthened. June saw significant improvements in apartment and
townhouse activity throughout the Board area, and single family residential
sales remained strong. Total residential sales year-to-date have improved over
2011 – up 12.4% in the North Okanagan, 8.6% in the Central Okanagan, and 6.8%
in the Shuswap.”
Shaw reports, “Overall
sales were the strongest in the Central Okanagan in June with a 17% improvement
over 2011, and with gains of 49% for apartments and 43% for townhouses.
In the Shuswap, total units sold picked up 14%, while the apartment
segment jumped from zero sales last year to 8 this month, and rose dramatically
(230%) year-to-date with 33 units compared to 10 in 2011. The North Okanagan
saw a 9% increase in overall sales this month with apartments showing the
biggest improvement – up 38% compared to units sold last year at this time.”
I am the GUY that will make a difference!
I specialize in selling homes in the in the Okanagan Valley including Westbank, West Kelowna, Peachland with a focus on Rose Valley, Lakeview Heights, West Kelowna Estates and Shannon Lake.
Karen Guy, REALTOR®
Coldwell Banker Horizon Realty
C 250.878.3605 O 250.768.8001
http://www.connectwithkaren.com/
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