Sotheby’s Realty Expands in Kelowna

October 19, 2016

KELOWNA – Sotheby’s International Realty Canada has announced the expansion of its office operations in Kelowna, British Columbia. Justin O’Connor is the owner of the downtown Kelowna office.

The firm’s expansion within the Okanagan takes place at a time when regional residential real estate sales have experienced steady gains, reflecting the company’s continued confidence in the conventional and luxury market segments and its commitment to continually expanding service offerings.

The Okanagan Mainline Real Estate Board (OMREB) reported a 31% year-over-year increase in sales volume in September 2016, as active listings dropped 23% across the entire region compared to the same period compared to the previous year. Healthy local demand and confidence is fuelling market activity: June 2016 results from an OMREB survey showed that 56% of residential real estate purchasers are from within the Okanagan, 18% from the Lower Mainland or Vancouver Island, and 12% from Alberta.

“Kelowna is a robust real estate market with strong, long-term market,” said Tom Stratton, Managing Broker for Sotheby’s International Realty Canada in Kelowna “Continued expansion in the Okanagan has been one of our brand’s objectives, and we are proud to be able to grow with the community.”

Located at 108-1289 Ellis Street in Kelowna, the new office location will service Kelowna, West Kelowna, Penticton, Vernon and the Okanagan Valley. Sotheby’s International Realty Canada now has 11 offices in the province of British Columbia including three in the city of Vancouver, as well as offices in West Vancouver, North Vancouver, White Rock/South Surrey, Salt Spring Island, Sun Peaks, Whistler and Victoria.

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