Market Momentum Continues into the Fall

Vancouver, BC – October 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,938 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in September, an increase of 24 per cent from the same month last year. The average MLS® residential price in the province was $697,943, an increase of 2.1 per cent from September 2018. Total sales dollar volume was $4.84 billion, a 26.5 per cent increase from the same month last year. “Markets across BC built on momentum from the summer,” said BCREA Chief Economist Brendon Ogmundson. “While the year-over-year increase in provincial sales was quite strong, home sales in most areas are simply returning to historically average levels.”

MLS® residential active listings in the province were up 4 per cent from September 2018 to 39,117 units and were essentially flat compared to August on a seasonally adjusted basis. Overall market conditions remained in a balanced range with a sales-to-active listings ratio of about 18 per cent. Year-to-date, BC residential sales dollar volume was down 12.4 per cent to $39.7 billion, compared with the same period in 2018. Residential unit sales were 8.9 per cent lower at 57,773 units, while the average MLS® residential price was down 3.9 per cent year-todate at $687,530. -30- For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: bogmundson@bcrea.bc.ca

Market Momentum Continues into the Fall

 

 

 

 

 

 

 

 

 

 

 

Market Momentum Continues into the Fall

 

 

 

 

 

 

 

BCREA is the professional association for about 23,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients. To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods. For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale.

1 – 101 Clearview Cres in Apex, Penticton is Sold!

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Sold

– The apartment at 1 – 101 Clearview Cres has been sold.

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107 – 3146 Paris Street in Penticton South, Penticton is Sold!

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Sold

– The townhouse at 107 – 3146 Paris Street has been sold.

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16 – 360 Strayhorse Road in Apex, Penticton is Sold!

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Sold

– The townhouse at 16 – 360 Strayhorse Road has been sold.

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Single Story For Sale in Duncan / Columbia, Penticton

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Home is a must see

•  1,724 sq. ft., 2 bath, 2 bdrm single story – $695,000 CAD. Brand new home
MLS® #163670

– This brand new 1,724 square foot home features 2 bedrooms, 2 bathrooms plus den and is located on the creek in the quaint and peaceful development called “Bridgewater” All homes located in Bridgewater offer hardwood flooring, quartz or granite kitchen & bathroom countertops, stainless steel appliances, all window coverings, central air, xeriscaping design, double attached garage and much more. Bridgewater offers an amazing park like setting alongside trees, walking paths and creek. Only a short distance from: shopping, boutiques, hospital, local restaurants, farmers market and Okanagan Lake Marina. G.S.T. is included in your purchase price. All measurements are approximate.

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Single Story For Sale in Duncan / Columbia, Penticton

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Quaint and peaceful development

•  1,264 sq. ft., 2 bath, 2 bdrm single story – $515,000 CAD. Brand new
MLS® #163673

– This brand new 1,264 square foot home features 2 bedrooms, 2 bathrooms plus den and is located on the creek in the quaint and peaceful development called “Bridgewater” All homes located in Bridgewater offer hardwood flooring, quartz or granite kitchen & bathroom countertops, stainless steel appliances, all window coverings, central air, xeriscaping design, double attached garage and much more. Bridgewater offers an amazing park like setting alongside trees, walking paths and creek. Only a short distance from: shopping, boutiques, hospital, local restaurants, farmers market and Okanagan Lake Marina. G.S.T. is included in your purchase price. All measurements are approximate.

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Single Story For Sale in Duncan / Columbia, Penticton

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Quaint and peaceful development

•  1,400 sq. ft., 2 bath, 2 bdrm single story – $635,000 CAD. Brand new
MLS® #163671

– This brand new 1,400 square foot home features 2 bedrooms, 2 bathrooms plus den and is located on the creek in the quaint and peaceful development called “Bridgewater” All homes located in Bridgewater offer hardwood flooring, quartz or granite kitchen & bathroom countertops, stainless steel appliances, all window coverings, central air, xeriscaping design, double attached garage and much more. Bridgewater offers an amazing park like setting alongside trees, walking paths and creek. Only a short distance from: shopping, boutiques, hospital, local restaurants, farmers market and Okanagan Lake Marina. G.S.T. is included in your purchase price. All measurements are approximate.

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102-270 Douglas Street in Penticton Main North, Penticton is Sold!

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Sold

– The 2 story at 102-270 Douglas Street has been sold.

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1130 Spiller Road in Uplands/ Redlands, Penticton is Sold!

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Sold

– The 2 story at 1130 Spiller Road has been sold.

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Single Story For Sale in Husula/Westbench/Sage Mesa, Penticton

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Lakeview home

•  1,970 sq. ft., 2 bath, 2 bdrm single story – $389,000 CAD. Desirable Red Wing Resort
MLS® #163642

– CONTINGENT. Lovely 2bd, 2ba 1,970sqft lakeview rancher set in the desirable Red Wing Resort. Home offers spacious kitchen, dining and living space including large family off the kitchen with bright airy windows throughout. Large master bedroom features walk-in closet and 4 piece ensuite, along with a multitude of storage. Private back yard with covered patio is perfect for enjoying the morning paper & coffee or a relaxing family meal. Home also boasts double garage, stunning lakeview and easy care landscaping! Central location close to local shops, restaurants, Okanagan Lake, golf courses and so much more! Lease to 2036. Contact us for more information & your private viewing today!

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