Spring 2024: A Snapshot of Central Okanagan's Real Estate Market

Hi, Okanagan friends! It’s Gillian from Goldilocks Estates, back with a quick update on our local real estate market as we step into spring 2024. The Central Okanagan region is abuzz with some intriguing developments, and I'm excited to share the insights with you.

 

BC's Market at a Glance

Across British Columbia, there has been a 15.3% jump in residential unit sales and a 4.7% rise in average prices this February compared to last year. With total sales reaching $5.4 billion, marking a hefty 20.7% increase, it's clear that the province is witnessing a significant shift. This sets a lively backdrop for our local market dynamics in the Central Okanagan.

The Central Okanagan…

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