Kelowna real estate market’s residential sales for the month of April 2016 have shown that units sold have jumped from 556 units sold in 2015 to 822 sold in the same month last year. The market is booming and both families, first time home buyers, and investors are jumping on board with both feet.
It’s no question that Kelowna is an attractive place to live, with it’s four seasons, wineries, and ski hills in close proximity. The average price of condos for April 2016 are at $279,372, Kelowna is still an affordable option compared to the average price in the Greater Vancouver Area for the same month climbing to $475,000. The average detached home price in the central Okanagan is at $563,775 whereas Vancouver’s detached home price has climbed to $1,403,200.
Wondering if Kelowna lacks the amenities of Vancouver? Kelowna’s expansion is undeniable and growth projection is showing no sign of slowing down. It has a rapidly growing downtown core, UBC’s sister university UBCO, a new interior health building near completion and a ranking as the third largest city in BC. Kelowna’s known for it’s appeal as a family friendly city with a well maintained small town charm.
To make your move into the market and begin enjoying KELOWNA LIFE, call ROB NELSON TODAY.
REALTOR® Rob Nelson 250.575.4300 Kelownalife.ca