November 2021 Peachland Market Update
A Tale of Low Inventory
We find ourselves in the tail end of a busy real estate season, and the beginning of Christmas season, bookmarked by historic floods, highway closures, a new OMNICRON covid variant making headlines and a big question of what 2022 will bring us here in BC.
Where does the real estate market sits now? For sure activity has dropped off compared to the height of the season, it usually does. Except for last fall winter the market picked up because of the pandemic, everyone decided real estate was the next best thing if you can’t travel anymore and working from home is all the rage. To summarize, we saw a rapidly rising median price in the spring that leveled off when the forest fires slowed down activity in July/August, only to start rising again in September/October. Expecting November stats to show a leveling off again. Here is the activity graph for single family homes in the Central Okanagan to end of October.
A Place to Stay
Peachland Eagles Nest B&B is a great central location to explore the length and breadth of the Okanagan Valley. 30 minutes from Kelowna, 1 hour 15 minutes to Vernon in the north. 30 minutes from Penticton and 1 hour 20 minutes to Osoyoos in the south.
We also have packages for folks that want to stay a week or longer.
Murray Wood www.1eaglesnest.ca