Luxury home sales soar

By News Staff

Posted Apr 26, 2010 12:16:20 PM.

This article is more than 5 years old.

RE/MAX says luxury home sales soared in the first quarter of 2010.

The real estate firm says buyers with bigger wallets are taking advantage of favourable market conditions.

Nine out of the 13 markets RE/MAX examined shattered records and set new all-time highs.

Locally, RE/MAX agent Jack Fitzgerald says 32 luxury units have sold in the K-W market so far this year.

Kelowna, B.C. led the way in percentage growth with 700 percent, followed by Montreal at 300 percent.

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