The novel coronavirus pandemic prompted many would-be buyers and sellers to put their real-estate plans on hold last month in the South Okanagan.
New numbers from the South Okanagan Real Estate Board reveal that MLS sales plummeted 60 per cent to 239 units sold in April, compared to 596 units sold during the same time in 2019.
Twenty-nine single-family homes sold in April, a 71 per cent decrease from April 2019. Only six condos were purchased in the South Okanagan in April, a whopping 82 per cent decline over the same time last year, though 19 townhouses sold, which is an increase of 6 per cent. “Usually competition amongst buyers and sellers is heating up at this time of year,” said Lyndi Cruickshank, president of the real estate board. “