A real estate sign is pictured in Vancouver, Tuesday, June, 12, 2018. (THE CANADIAN PRESS/Jonathan Hayward)

A real estate sign is pictured in Vancouver, Tuesday, June, 12, 2018. (THE CANADIAN PRESS/Jonathan Hayward)

Okanagan-Shuswap real estate market continues hot start to 2021

Sales in February were up more than 100 per cent over last year, reports the Association of Interior Realtors

Real estate sales in the Okanagan-Shuswap are continuing to outperform forecasts with a second record-breaking month in a row, reports the Association of Interior Realtors.

From Revelstoke to the U.S. Border east to Manning Park and in the South Peace River region in the north, Realtors sold a total of 1,212 residences in February 2021. That’s a 116 per cent surge from February 2020.

The South Okanagan region saw the highest increase with a 130 per cent surge.

“We are seeing a noticeable increase on various types of recreation and vacation homes sales suitable for all seasons,” said the association’s president, Kim Heizmann. “Due to COVID-related travel restrictions and limitations more and more inter-provincial buyers are taking the opportunity to create vacation opportunities within B.C.”

From January to February, active listings in the region decreased slightly. From Shuswap/Revelstoke to Central Okanagan, the number of listings dropped drastically to 1,763 from almost 3,000 in February 2020.

“Shortage of supply is still an issue with inventory struggling to meet demand, particularly when it comes to single-family homes,” said Heizmann.

Home prices across the region increased slightly, with single-family homes noting the highest increase. More detailed statistics are available in the infographic below:

READ MORE: Kelowna council shoots down Upper Mission subdivision after 8 years of planning

READ MORE: Okanagan home prices jump as real estate market heats up in January

Do you have something to add to this story, or something else we should report on? Email: michael.rodriguez@kelownacapnews.com


@michaelrdrguez
Like us on Facebook and follow us on Twitter.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C's COVID-19 dashboard shows the peaks and valleys of cases prior to the record daily report of 132 on April 9, 2021. (Dashboard image)
Interior Health has record day of COVID-19 cases

132 cases reported Friday, April 9, more deaths in Vernon hospital outbreak

(File photo)
Water quality advisory rescinded for Lakeview/Rose Valley Water System

There is no other water quality advisories in West Kelowna

Passengers make their way through Montreal–Trudeau International Airport in Montreal, Saturday, December 19, 2020, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
Dining indoors at YLW’s White Spot allowed despite public health orders

Airport post-security restaurants and BC Ferries cafeterias are exempt from the public health order

(Stock photo)
Snow levels above normal in Okanagan

Spring temperatures, rainfall will affect risk of flooding

B.C. Health Minister Adrian Dix and Premier John Horgan describe vaccine rollout at the legislature, March 29, 2021. (B.C. government)
1,262 more COVID-19 infections in B.C. Friday, 9,574 active cases

Province’s mass vaccination reaches one million people

Vernon Secondary School. (Google Maps)
Case of COVID-19 at North Okanagan high school

VSS exposure announced late Friday, April 9

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

The Royal’s 1951 visit to Revelstoke. (Photo by Revelstoke Museum and Archives #17)
PHOTOS: Prince Philip visited Revelstoke – twice

The prince died April 9 at the age of 99

Nolan's Pharmasave in downtown Vernon received 200 AstraZeneca COVID-19 vaccines Friday, April 9, 2021. (Brendan Shykora - Morning Star)
AstraZeneca vaccines arrive at Vernon pharmacies

Four pharmacies in the city received doses of the COVID-19 inoculant Friday

The RCMP were called to the Alchemy Studio on Thursday, April 8. (Contributed)
Revelstoke yoga class fined for defying COVID-19 orders

The RCMP were called to the Alchemy Studio on April 8

An East Hill resident had their leaf bags torched in front of their home overnight April 8. Less than two weeks prior their garbage can was lit on fire too. (Taryn Allen photo)
Garbage, leaf fires spark fear in North Okanagan

First an East Hill residents’ trash can, then bagged leaves were lit on fire

Okanagan-based All Are Family Outreach Society, which provides support to those struggling from Armstrong to Kelowna, is in need of a new headquarters after leaving a Winfield church in June 2020. (All Are Family Outreach photo)
Okanagan outreach society in ‘desperate’ need after storage unit break-in

All Are Family Outreach had $4,000 in tools stolen from its donation shipping container

Most Read