We talked about it for months.
Finally, the benchmark retail price of a typical Kelowna single-family home broke the $ 1 million mark for the first time in December.
It’s $ 1,004,900, to be precise, an astonishing 32% more than the usual price of $ 761,000 a year ago and $ 978,500 in November.
Kim Heizmann is President of the Association of Interior Realtors and Real Estate Agent at Century 21 Vernon. “Class =” img-responsive “src =” https://www.kelownanow.com/files/files/images/Kim%20Heizmann (5). jpg “style =” margin: 5px; “/>
“The number of active offers remains historically behind the demand of buyers,” says Kim Heizmann, president of the Association of Interior Realtors, broker at Century 21 Vernon.
“It makes it unlikely that buyers will see prices weaken early in the new year.”
In addition to record high prices, sales are also at an all-time high.
In 2021 there were more than 7,000 home sales for a total of more than $ 5.5 billion, surpassing the previous sales record of 2016.
The benchmark sales prices of typical townhouses and condominiums also ended the year at record highs.
That was $ 687,600 for a townhouse, up 26% year over year, and for a condo, it was $ 511,700, up 28%.
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