After a relatively active July, sales in the Central Okanagan fell dramatically in August, giving back the early-summer momentum and slipping to their lowest August total in fifteen years. New listings eased quite substantially month-over-month as well, holding below their year-ago level for an eighth straight month. This came against a backdrop of significant wildfire activity and evacuation orders across the region through much of the month, which appears to have weighed on buyer and seller activity alike.
The kelowna rennie advance is a summary of the latest sales, listings, and price trends in the Central Okanagan. It is produced at the beginning of each month and it reflects the latest market data.
Our rennie intelligence team comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.
