Residential Home Sales
A total of 1,025 residential unit sales* were recorded across the Association region in September coming in below August’s 1,165 units and almost on par with September 2023’s units sold with a 0.3% increase.
Inventory
New residential listings saw a decrease of 6.7% compared to September 2023 with 2,370 new listings recorded last month. The total number of active listings saw 27.1% boost of total inventory compared to September 2023 with 9,972 recorded across the Association region. The highest percentage increase in active listings across the Association region was in the Shuswap/Revelstoke region with a total increase of 41.2% compared to September 2023.
Home Sales by Property Type
The benchmark price for single-family homes in September saw increases in the Shuswap/Revelstoke, Central and North Okanagan regions in year-over-year comparisons, while the South Okanagan region saw a decrease of 2.5%. Benchmark pricing in the townhome housing category saw decreases in the Central and South Okanagan compared to the same month last year while the Shuswap/Revelstoke and North Okanagan saw increases of 8% and 8.5%, coming in at $569,700 and $604,800. In the condominium housing category, all regions saw increases in the benchmark price for September 2024 compared to the same month last year with the exception of the South Okanagan that saw a decrease of 9.8%.
Welcome to an Elevated Real Estate Experience
At Stilhavn, we continue our relentless pursuit of excellence because it’s our intrinsic belief that our clients deserve better than the status quo. When you become a client with Stilhavn you become a client for life, and it is our privilege to serve not only our local Okanagan market, but further corners within the Lower Mainland.
We keep our fingers on the pulse, we collaborate extensively across our teams, and we are committed to providing an elevated experience when it comes to your next buying or selling journey.
