Central Okanagan Real Estate Report February 2018
The following information is based reports from REALTORS® between February 1st - 28th
Condo/Apartments
| Sales | 111 |
| New Listings | 177 |
| Current Inventory | 305 |
| Number of Months | 3 |
| Sell/Inv. Ratio | 36.39% |
| Days to Sell | 54 |
| Days – Range | 9 to 424 |
| Average Price | $355,047 |
| Median Price | $332,000 |
| Price - Range | $82,500 - $1,060,000 |
| Hottest Neighbourhood | Kelowna North |
Condo/Townhouses
| Sales | 59 |
| New Listings | 107 |
| Current Inventory | 178 |
| Number of Months | 3 |
| Sell/Inv. Ratio | 33.15% |
| Days to Sell | 49 |
| Days – Range | 5 to 356 |
| Average Price | $460,814 |
| Median Price | $467,000 |
| Price - Range | $118,900 - $1,315,000 |
| Hottest Neighbourhood | Glenmore |
Lots & Acreages
| Sales | 14 |
| New Listings | 54 |
| Current Inventory | 318 |
| Number of Months | 23 |
| Sell/Inv. Ratio | 4.40% |
| Days to Sell | 177 |
| Days – Range | 12 to 367 |
| Average Price | $415,143 |
| Median Price | $283,750 |
| Price - Range | $132,000 - $2,050,000 |
| Hottest Neighbourhood | Glenmore |
Residential Single Family Home Sales
| Sales | 138 |
| New Listings | 284 |
| Current Inventory | 680 |
| Number of Months | 5 |
| Sell/Inv. Ratio | 20.29% |
| Days to Sell | 59 |
| Days – Range | 2 to 443 |
| Average Price | $678,156 |
| Median Price | $634,250 |
| Price - Range | $287,000 - $4,130,000 |
| Hottest Neighbourhood | Lower Missiom |
Ratio of Sales vs Inventory 22.69%
DISCLAIMER: Monthly Sales statistics are based on the sales reported by real estate offices on or before the last day of the month. Sales not reported by month end and collapsed sales are reflected in the subsequent month’s statistics.