North Okanagan Real Estate Market Update: May 2011 A CLUE to whats happening in the local market
NORTH Okanagan Real Estate Market Update for May 2011
Condo / Apartment |
|
Listings Sold | 10 |
New Listings | 18 |
Current Inventory | 163 |
Absorption Rate | 6.13% |
Days to Sell | 83 |
Range | 5 - 244 |
Average Price | $158,650 |
Median Price | $148,000 |
Range | $87,100 - $257,000 |
Hottest Neighbourhood | Centennial Drive |
Condo / Townhouse |
|
Listings Sold | 22 |
New Listings | 52 |
Current Inventory | 253 |
Absorption Rate | 8.70% |
Days to Sell | 253 |
Range | 1 - 709 |
Average Price | $404,134 |
Median Price | $311,000 |
Range | $125,000 - $2,1000,000 |
Hottest Neighbourhood | Okanagan Landing |
Building Lot |
|
Listings Sold | 8 |
New Listings | 67 |
Current Inventory | 186 |
Absorption Rate | 4.30% |
Days to Sell | 224 |
Range | 19 - 787 |
Average Price | $225,938 |
Median Price | $217,000 |
Range | $95,000 - $391,000 |
Hottest Neighbourhood | Coldstream |
2 parcels were acreage of 17 -19 acres
Residential |
|
Listings Sold | 63 |
New Listings | 172 |
Current Inventory | 830 |
Absorption Rate | 7.59% |
Days to Sell | 124 |
Range | 8 - 568 |
Average Price | $404,460 |
Median Price | $380,000 |
Range | $115,000 - $1,065,000 |
Hottest Neighbourhood | Coldstream |
Overall Residential Sales vs Inventory = 7.19%