Classic Real Estate

Sales were up for the North Okanagan again for February – 31.08% to be exact. Sales are up and inventory is basically flat year over year, although inventory is up from last month, which is disappointing.

What Is For Sale in the North Okanagan: The number of listings on the market in February ended at 1338 total residential units (this includes houses, apartments, condos, duplexes, etc.). Those numbers have decreased 3.74% from 2009, however have increased about 150 units from the 1193 units that were listed at the end of January of this year. 323 new residential listings were listed, up from the 272 that were listed in January. We were hoping not to see an increase, but we have to remember that Spring is coming and people tend to list houses in the Spring.

Residential (just single family non-waterfront homes – not condos or duplexes, etc.) inventory is at 604 homes currently on the market, up from the 515 reported in December – ending our four month streak of less homes on the market. There are now 2096 total active listings in the North Okanagan – up 142 units from January’s numbers at 1954.

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