April in the Central Okanagan: Kelowna BC Area Real Estate Market Report 2012
Overall Ratio of Sales vs Inventory = 8.25%
|
Condo Apartment
|
|
|
Listings Sold
|
63
|
|
New Listings
|
185
|
|
Current Inventory
|
899
|
|
Absorption Rate Sell/List
|
7.01%
|
|
Months of Inventory on Hand
|
Over 14 Months
|
|
Days to Sell (Average)
|
78
|
|
Days to Sell (Range)
|
6 - 245
|
|
Average Sale Price
|
$220,235
|
|
Median Sale Price
|
$209,900
|
|
Range of Sales Prices
|
$52,000-$480,000
|
|
Hottest Neighbourhood
|
Lower Mission
|
|
Condo Townhouse
|
|
|
Listings Sold
|
49
|
|
New Listings
|
123
|
|
Current Inventory
|
543
|
|
Absorption Rate Sell/List
|
9.02%
|
|
Months of Inventory on Hand
|
11 Months
|
|
Days to Sell (Average)
|
122
|
|
Days to Sell (Range)
|
10 - 541
|
|
Average Sale Price
|
$348,294
|
|
Median Sale Price
|
$339,800
|
|
Range of Sales Prices
|
$171,108 - $685,000
|
|
Hottest Neighbourhood
|
Kelowna South
|
|
Building Lot
|
|
|
Listings Sold
|
13
|
|
New Listings
|
85
|
|
Current Inventory
|
819
|
|
Absorption Rate Sell/List
|
1.59%
|
|
Months of Inventory on Hand
|
Over 5 Years
|
|
Days to Sell (Average)
|
177
|
|
Days to Sell (Range)
|
61 -335
|
|
Average Sale Price
|
$278,182
|
|
Median Sale Price
|
$214,999
|
|
Range of Sales Prices
|
$75,000 - $800,000
|
|
Hottest Neighbourhood
|
Shannon LK / Upper Mission
|
|
Residential Homes
|
|
|
Listings Sold
|
179
|
|
New Listings
|
445
|
|
Current Inventory
|
1579
|
|
Absorption Rate Sell/List
|
11.34%
|
|
Months of Inventory on Hand
|
Almost 9 Months
|
|
Days to Sell (Average)
|
90
|
|
Days to Sell (Range)
|
2 - 742
|
|
Average Sale Price
|
$482,093
|
|
Median Sale Price
|
$435,000
|
|
Range of Sales Prices
|
$65,000 - $1,799,900
|
|
Hottest Neighbourhood
|
Lower Mission /Shannon Lk.
|
Totals include variables in any given month, due to preceding month's collapsed sales and deleted listings . e & oe