Thursday, January 5, 2012

Kelowna Real Estate News - How did 2011 end? OMREB Press Release

So how did the year end for the Okanagan Real Estate market? Here is the Media Release from OMREB (Okanagan Mainline Real Estate Board) View the link for the full picture.

“Despite concerns about employment, personal debt load and net worth which dampened consumer confidence and slowed overall demand in most BC markets during 2011, OMREB ended the year on a positive note and is moving forward with optimism,” 


12_-_omreb_december_2011_statistics_media_release_(3).pdf Download this file

Central Zone (Peachland to Lake Country): Overall unit sales in the Central Zone jumped by 4.6% to 183 units ($77.0 million) compared to 175 ($77.9 million) last December, and were down 29.1% compared to the 258 units sold in November. Total residential sales improved by 9.3% to 165 units compared to 151 sold last December, but were down 30.1% from 236 in November. Single family home sales of 96 units rose 12.9% compared to 85 last year, but dipped 22.6% compared to this November (124). December’s inventory of 3,853 units was up 3.4% compared to 3,725 in 2010, and the 461 new listings for the month rose 3.3% over the 446 last year. 

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1 comment:

Dylanarman said...

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