Central Okanagan Home Sale Price Averages $475,019 in June 2012
The numbers have been released by OMREB for Central Okanagan Residential MLS properties sold in June 2012. We've run them through our process to add a bit more detail and here they are:
June 2012 Central Okanagan Real Estate Market Update
|
Condo Apartment
|
|
|
Listings Sold
|
79
|
|
New Listings
|
160
|
|
Current Inventory
|
977
|
|
Absorption Rate Sell/List
|
8.09%
|
|
Months of Inventory on Hand
|
Just over 12
|
|
Days to Sell (Average)
|
130
|
|
Days to Sell (Range)
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7 - 894
|
|
Average Sale Price
|
$246,012
|
|
Median Sale Price
|
$225,000
|
|
Range of Sales Prices
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$49,500 - $900,000
|
|
Hottest Neighbourhood
|
Kelowna North
|
|
Condo Townhouse
|
|
|
Listings Sold
|
63
|
|
New Listings
|
125
|
|
Current Inventory
|
540
|
|
Absorption Rate Sell/List
|
11.67%
|
|
Months of Inventory on Hand
|
8.5
|
|
Days to Sell (Average)
|
129
|
|
Days to Sell (Range)
|
10 - 682
|
|
Average Sale Price
|
$315,846
|
|
Median Sale Price
|
$314,000
|
|
Range of Sales Prices
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$106,000 - $596,000
|
|
Hottest Neighbourhood
|
Glenmore
|
|
Building Lot
|
|
|
Listings Sold
|
19
|
|
New Listings
|
60
|
|
Current Inventory
|
809
|
|
Absorption Rate Sell/List
|
2.35%
|
|
Months of Inventory on Hand
|
42.5 or- 3.5 years approximately
|
|
Days to Sell (Average)
|
195
|
|
Days to Sell (Range)
|
19 - 764
|
|
Average Sale Price
|
$167,657
|
|
Median Sale Price
|
$170,000
|
|
Range of Sales Prices
|
$17,500 - $451,249
|
|
Hottest Neighbourhood
|
Beaverdell / Carmi
|
|
Residential Homes
|
|
|
Listings Sold
|
205
|
|
New Listings
|
442
|
|
Current Inventory
|
1775
|
|
Absorption Rate Sell/List
|
11.55%
|
|
Months of Inventory on Hand
|
8.5
|
|
Days to Sell (Average)
|
84
|
|
Days to Sell (Range)
|
8 - 487
|
|
Average Sale Price
|
$475,019
|
|
Median Sale Price
|
$425,000
|
|
Range of Sales Prices
|
$180,000 - $2,225,000
|
|
Hottest Neighbourhood
|
Upper Mission
|
The overall ration of Sales vs Inventory = 9.30%
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo