Dave Collins and Murray Wood – Real Estate Market as of September 2020

David Collins is a Realtor, a friend and a current director of the Peachland Chamber of Commerce. He has served as the President of the Chamber as well.

David has compiled snapshot the September 2020 market place in the central Okanagan for you. We want to make this a regular feature.

Come and stay at the Peachland Eagles Nest B&B while you look for your new home.

September 2020 was one of the strongest months on record for home sales in the Central Okanagan area. For single family homes, 356 homes sold. That is an 84% increase over September of last year and follows on the heels of August which was also a very strong month. The median price climbed from the $670,000 range before June, but then climbed each month to now reflect $740,000 in September. Inventory of homes for sale is down 28% from last September.

For condominiums, 170 condos sold, an increase of 93% versus September last year. The market absorbed a lot of inventory bringing condominiums back into balance. September did show some median price appreciation – the first month this year that has happened.
For townhomes, 122 units sold, an increase of 79% vs. September last year. Inventory dropped 10% lower than last year same time. Median price $525,000 up from the highs 400’s this past spring.
For lots, sales were brisk! 50 lots sold for an increase of 163%, reflecting low inventory of resale homes and a willingness from buyers to buy new construction. Inventory dropped 27% versus this time last year, and the median price matched last years high of $340,000.
 
Overall interest rates remain low. The market is on track to exceed sales numbers from 2019, and come close to matching or exceeding 2018. There are still lots of buyers looking and low inventory, prompting price appreciation. Buyers are coming here from Ontario, Alberta, and especially the lower mainland. There is a trend of people leaving the city for a quieter less crowded place to live, making the Okanagan very desirable for buyers.
 
 
Regards,
 
 
Dave Collins
Licensed Realtor
Licensed Property Manager
Coldwell Banker Horizon Realty
250-870-1444
www.DaveCollins.ca
 
 
 

Dave Collins

Peachland Eagles Nest B&B | Full Kitchens | Newly Renovated

Welcome To
The Peachland Eagles Nest B&B

The Bald Eagle nests high above the surrounding country in tall trees, close to the water and where they will have a spectacular view.

Welcome ToThe Peachland Eagles Nest B&B

Enjoy your private covered deck high amongst the Ponderosa Pines and breathe in the fresh lake air.

Welcome To
The Peachland Eagles Nest B&B

The immense lake view will captivate you and the moonlight skimming the water at night is magical.

Welcome To
The Peachland Eagles Nest B&B

The Eagles Nest is a place to fall in love, relax, think or plan your next year’s goals.

The Bald Eagle nests high above the surrounding country in tall trees, close to the water and where they will have a spectacular view. This is some of what we offer you at Peachland Eagles Nest B&B®. Enjoy your private covered deck high amongst the Ponderosa Pines and breathe in the fresh lake air. The immense lake view will captivate you and the moonlight skimming the water at night is magical. Come and enjoy the beauty and bounty of the Central Okanagan.

The Peachland Eagles Nest is a place to fall in love, relax, think or plan your next year’s goals.

Please subscribe to our email list and we will keep you posted on availability as well as events and special deals occurring in the Central Okanagan.

The Eagles Nest

The property its self is very interesting with its many changes in landscape and views. There are many large Ponderosa Pines on the property. The two homes and RV site sits by themselves and are very private. There is room for ample parking by the cedar split rail fence. There are hiking trails just minutes away up on the next ridge. Watch for the local herd of Black Tail Deer and black bears moving up through our property from the lake to the park on the ridge above. There are many birds flitting about in the pines.

There are 3 options available, the Treehouse Suite, The Orchard House, the Blue Horizon Suite. Each with their own private deck and entrance. You can rent one or a number of the accommodations. If all were rented then the Peachland Eagles Nest B&B can host 15 people, more if you bring an RV.

If you are renting either of the Treehouse Suite, the Orchard House or the Blue Horizon Suite there is space for short term RV and boat parking upon request.

Peachland

The Peachland Eagles Nest B&B® is located above the lovely little town of Peachland in the heart of the Okanagan Valley. Lake, beaches, wineries and tours, festivals, concerts, boat races, fine dining, ski hills, bike terrains, zip lining, ATV tours and more are just the beginning of what our community has year round for people of all ages. Three world class ski hills within 1 to 1.5 hours’ drive during the winter and Okanagan Lake to enjoy during the summer. And don’t miss the wine festival and all the ripe fruit you can pick.

Peachland is the only town on the Lake that retained its beach front. You can walk the length of the town on the Heritage Walk along Beach Avenue. This gives you a chance to stop for a coffee, choose a restaurant for lunch or dinner, which includes the famous Gasthaus or visit and our great little hardware store, Peachland Gallery in the Old Schoolhouse or one of the boutiques.

Book Your Stay at Peachland Eagles Nest B&B

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