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SHUSWAP Real Estate Market Update for December 2011 Condo / ApartmentListings Sold2New Listings8 Current Inventory 51Absorption Rate3.92%Days to Sell283Range122 - 443Average Price$148,500Median Price$148,500Range$140,000 - $157,000Hottest NeighbourhoodSicamous / SW Salmon Arm Condo / TownhouseListings Sold1New Listings7 Current ...

Not only did the number of properties sold diminish in the week of February 28 to March 6, 2011, the total value of real estate traded dropped from $34,453,803 to $27,931,057 – which is more telling than the reduction by 4 in properties sold. The lack of sales over the $1,000,000. mark (most expensive property the week prior coming in at ...