Best Month Since April 2022?

Items of Note for September

• Sales continue to improve against the 10 Year Average.  It looked like North Okanagan sales were finally going to end up above the 10 Year Average (it would have been the first time since April 2022).  In the end, we finished 7 sales shy (156 vs 162) and came in 3.7% below the 10 Year Average.  This is still our best monthly result vs the 10 Year Average since April 2022 so one could argue that this is the best monthly sales result since April 2022.  
  Rounding out the top 3 results are: June 2023 4.1% below and May 2022 6.1% below.   August sales were 11% below the 10 Year Average.  
• North Okanagan Year-over-Year sales up 51%.
• Central Okanagan sales up 40% Year-over-Year but still 15% below the 10 Year Average
• British Columbia residential home sales up 4.4% Year-over-Year (the 4th month in a row with positive Year-over-Year sales growth) but is still 21.4% below the 10 Year Average.
• Bank of Canada next interest rate announcement Wed Oct 29.

Sales

North Okanagan Unit Sales were up 51% Year-over-Year (156 vs 103) which is just 3.7% below the 10 Year Average of 162. 





 

Median Sales Price

• Median Selling Price was $632,000, which was down almost 7% Year-over-Year ($677,000), and down slightly from Aug ($637,000). 

• Average Selling Price was $690,329 which is down 11% Year-over-Year ($773,552), and down from Aug ($734,875).

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