May Stats: North Okanagan Residential MLS Real Estate Report 2012
May 2012 North Okanagan Real Estate Market Update
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Condo Apartment
|
|
|
Listings Sold
|
7
|
|
New Listings
|
31
|
|
Current Inventory
|
164
|
|
Absorption Rate Sell/List
|
4.27%
|
|
Months of Inventory on Hand
|
23
|
|
Days to Sell (Average)
|
98
|
|
Days to Sell (Range)
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22 - 187
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Average Sale Price
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$142,057
|
|
Median Sale Price
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$127,500
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|
Range of Sales Prices
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$108,000 - $189,000
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Hottest Neighbourhood
|
28A Street, Vernon
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|
Condo Townhouse
|
|
|
Listings Sold
|
32
|
|
New Listings
|
64
|
|
Current Inventory
|
253
|
|
Absorption Rate Sell/List
|
12.65%
|
|
Months of Inventory on Hand
|
Almost 8
|
|
Days to Sell (Average)
|
98
|
|
Days to Sell (Range)
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9 - 294
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Average Sale Price
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$279,278
|
|
Median Sale Price
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$286,000
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|
Range of Sales Prices
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$138,000 - $455,000
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|
Hottest Neighbourhood
|
Okanagan Landing
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|
Building Lot
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|
|
Listings Sold
|
6
|
|
New Listings
|
77
|
|
Current Inventory
|
531
|
|
Absorption Rate Sell/List
|
1.13%
|
|
Months of Inventory on Hand
|
88.5....yes 7+ years
|
|
Days to Sell (Average)
|
586
|
|
Days to Sell (Range)
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22 - 1149
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|
Average Sale Price
|
$270,083
|
|
Median Sale Price
|
$175,250
|
|
Range of Sales Prices
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$115,000 - $750,000
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|
Hottest Neighbourhood
|
Foothills
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One 17.29 acre parcel sold for $750,000
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Residential Homes
|
|
|
Listings Sold
|
80
|
|
New Listings
|
190
|
|
Current Inventory
|
787
|
|
Absorption Rate Sell/List
|
10.17%
|
|
Months of Inventory on Hand
|
Almost 10
|
|
Days to Sell (Average)
|
119
|
|
Days to Sell (Range)
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9 - 802
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Average Sale Price
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$372,713
|
|
Median Sale Price
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$355,375
|
|
Range of Sales Prices
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$140,250 - $1,100,000
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Hottest Neighbourhood
|
East Hill
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Overall Ratio of Sales vs Inventory = 8.95% 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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