2014 Okanagan Housing Market ends the Strongest in Seven Years
OMREB (the Okanagan Mainline Real Estate Board) reports that 2014 ended in an upswing with consumer demand at an all time high.
Some standouts as reported by the MLS:
- The number of monthly sales was up by an average of 23% over 2013
- The total number of homes sold in 2014 was an impressive 5,370 compared to 4,426 in 2013. A considerable 21% increase
- The average home price increased by almost 10% (from $462,775 in 2013 to $498,563 in 2014)
This upward trajectory in the Okanagan housing market means the time for sitting on the sidelines is OVER!