Market Statistics

Residential Real Estate Market Showing Promising Sign of Recovery

Posted on Sep 05, 2019 in Market Statistics

Residential sales across the region of Revelstoke to Peachland were 2% higher for August compared to this time last year clocking in at 725, although less than July’s 810 sales, reports the Okanagan Mainline Real Estate Board (OMREB).
“While the number of sales across the region may have dipped compared to July, this is the second consecutive month...

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Residential Real Estate Inventory Plateaus While Market Is Slowly Recovering

Posted on Aug 05, 2019 in Market Statistics

Residential sales across the region of Revelstoke to Peachland increased 11% from June’s 725 sales, totaling 810 sales in July, which meant a 9% increase over this time last year, reports the Okanagan Mainline Real Estate Board (OMREB). 

The average residential price in July of $543,587 was only slightly higher than last month’s average price with a...

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Residential Real Estate Market Seasonally On Trend Heading Into Summer

Posted on Jul 05, 2019 in Market Statistics

Residential sales across the region of Revelstoke to Peachland totaled 725 in June, a decline from May’s 780 sales, and 9% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB). June’s average price of $525,303 was only marginally less than last month’s pricing at just 3% lower and clocked-in at 4% less than last ye...

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Spring Residential Real Estate Market Continues to Attract Buyers

Posted on Jun 05, 2019 in Market Statistics

Residential sales across the region of Revelstoke to Peachland totaled 780 in May, up from April’s 707 sales yet 5% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB). “The local market continues to attract buyers, even though consumers may not have the purchasing power they did prior to January of 2018,” comment...

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Spring Brings Hustle to Real Estate Market

Posted on May 06, 2019 in Market Statistics

Residential sales across the region of Revelstoke to Peachland totaled 707 in April, up from March’s 545 sales and just 5% fewer than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).

“While spring is usually hustle and bustle, we were curious about what would happen in the market this year, given the relatively slow lead...

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Indicators Mixed as Residential Real Estate Market Heads into Spring

Posted on Apr 03, 2019 in Market Statistics

Residential sales across the Revelstoke to Peachland region rose to 545
in March, up from February’s 407 yet 13% fewer than March of last year reports the Okanagan Mainline
Real Estate Board (OMREB).

While Mother Nature is taking her time with the outward signs of spring, the market is rising to the
occasion with more activity. In line with a typical s...

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