April in the North Okanagan: Vernon BC Area 2012 Real Estate Market Report
April 2012 North Okanagan Real Estate Market Update
Ratio of Sales vs Inventory = 8.57%
|
Condo Apartment
|
|
|
Listings Sold
|
7
|
|
New Listings
|
24
|
|
Current Inventory
|
146
|
|
Absorption Rate Sell/List
|
4.79%
|
|
Months of Inventory on Hand
|
20 months
|
|
Days to Sell (Average)
|
145
|
|
Days to Sell (Range)
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17 - 350
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Average Sale Price
|
$217,643
|
|
Median Sale Price
|
$205,000
|
|
Range of Sales Prices
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$70,000 - $460,000
|
|
Hottest Neighbourhood
|
Vernon City
|
|
Condo Townhouse
|
|
|
Listings Sold
|
19
|
|
New Listings
|
45
|
|
Current Inventory
|
242
|
|
Absorption Rate Sell/List
|
7.85%
|
|
Months of Inventory on Hand
|
Almost 13 Months
|
|
Days to Sell (Average)
|
93
|
|
Days to Sell (Range)
|
1-432
|
|
Average Sale Price
|
$272,482
|
|
Median Sale Price
|
$278,000
|
|
Range of Sales Prices
|
$90,000 - $480,000
|
|
Hottest Neighbourhood
|
Harwood
|
|
Building Lot
|
|
|
Listings Sold
|
10
|
|
New Listings
|
57
|
|
Current Inventory
|
470
|
|
Absorption Rate Sell/List
|
2.13%
|
|
Months of Inventory on Hand
|
Almost 4 years
|
|
Days to Sell (Average)
|
363
|
|
Days to Sell (Range)
|
8 - 765
|
|
Average Sale Price
|
$197,055
|
|
Median Sale Price
|
$175,000
|
|
Range of Sales Prices
|
$71,500 - $305,000
|
|
Hottest Neighbourhood
|
Enderby / Grindrod
|
|
Residential Homes
|
|
|
Listings Sold
|
83
|
|
New Listings
|
201
|
|
Current Inventory
|
733
|
|
Absorption Rate Sell/List
|
11.32%
|
|
Months of Inventory on Hand
|
Almost 9 Months
|
|
Days to Sell (Average)
|
102
|
|
Days to Sell (Range)
|
1 - 609
|
|
Average Sale Price
|
$352,337
|
|
Median Sale Price
|
$318,000
|
|
Range of Sales Prices
|
$125,000 - $1,900,000
|
|
Hottest Neighbourhood
|
Coldstream
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6 of the land sales were acreages
Totals include variables in any given month, due to preceding month's collapsed sales and deleted listings . e & oe