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Okanagan July 2016 Market Overview

There were 1,042 MLS posted sales in the Okanagan in July 2016. This is a 20% increase over July 2015. The number of buyers continues to exceed the number of new listings as we saw a drop in the number of active listings (22% decrease from last year). 56% of buyers are from within the Okanagan (local buyers), 18% are from the Lower Mainland and 12% are from Alberta. Families with children represent the largest portion of buyers at 25%. Couples without children are a close second at 24%. Empty nesters or retirees represent 20% of buyers.

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Alexandra Axsen
Lake Okanagan Realty Ltd.
Managing Broker
Tel: (250) 870-2792
Email: Alex@LakeOkanaganRealty.com
www.LakeOkanaganRealty.com

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