March 2012 Statistics: Central Okanagan Real Estate Market Report for Kelowna BC Area
March 2012 Central Okanagan Real Estate Market Update
|
Condo Apartment
|
|
|
Listings Sold
|
78
|
|
New Listings
|
194
|
|
Current Inventory
|
920
|
|
Absorption Rate Sell/List
|
8.48%
|
|
Months of Inventory on Hand
|
11.7948717948718
|
|
Days to Sell (Average)
|
139
|
|
Days to Sell (Range)
|
|
|
Average Sale Price
|
$226,365
|
|
Median Sale Price
|
$214,950
|
|
Range of Sales Prices
|
|
|
Hottest Neighbourhood
|
|
|
Condo Townhouse
|
|
|
Listings Sold
|
38
|
|
New Listings
|
132
|
|
Current Inventory
|
515
|
|
Absorption Rate Sell/List
|
7.38%
|
|
Months of Inventory on Hand
|
13.5526315789474
|
|
Days to Sell (Average)
|
123
|
|
Days to Sell (Range)
|
|
|
Average Sale Price
|
$319,861
|
|
Median Sale Price
|
$324,700
|
|
Range of Sales Prices
|
|
|
Hottest Neighbourhood
|
|
|
Building Lot
|
|
|
Listings Sold
|
16
|
|
New Listings
|
151
|
|
Current Inventory
|
799
|
|
Absorption Rate Sell/List
|
2%
|
|
Months of Inventory on Hand
|
49.9375
|
|
Days to Sell (Average)
|
253
|
|
Days to Sell (Range)
|
12 - 1363
|
|
Average Sale Price
|
$267,386
|
|
Median Sale Price
|
$243,840
|
|
Range of Sales Prices
|
$27,500 - $499,000
|
|
Hottest Neighbourhood
|
N Glenmore, L Mission
|
|
Residential Homes
|
|
|
Listings Sold
|
167
|
|
New Listings
|
459
|
|
Current Inventory
|
1492
|
|
Absorption Rate Sell/List
|
11.19%
|
|
Months of Inventory on Hand
|
8.93413173652695
|
|
Days to Sell (Average)
|
92
|
|
Days to Sell (Range)
|
1 - 495
|
|
Average Sale Price
|
$456,568
|
|
Median Sale Price
|
$415,000
|
|
Range of Sales Prices
|
$134,000 - $5,700,000
|
|
Hottest Neighbourhood
|
Kelowna South
|
Ratio of Sales vs Inventory = 10.15%.
Information is from the Okanagan Mainline Real Estate Board database and is believed to be correct, but should not be relied upon without verification. Totals include variables in any given, due to preceding month's collapsed sales and deleted listings. e&oe
If you or anyone you know is looking for real estate services, I'd love to help.
Brell - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®
Sutton Group - Lakefront Realty
2749 30 Street, Vernon, BC, V1T 5C6
A growing team, a different approach...we are better together!
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