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Central Okanagan Real Estate Report January, 2018

Based on sales reported by REALTORS® January 1st -  31st

Condo/Apartments

Sales

110

New Listings

147

Current Inventory

284

Number of Months

3

Sell/Inv. Ratio

38.73%

Days to Sell

65

Days – Range

2 to 257

Average Price

$322,183

Median Price

$316,250

Price - Range

$68,000  -  $855,900

Hottest Neighbourhood

Kelowna North


Condo/Townhouses

Sales

37

New Listings

75

Current Inventory

157

Number of Months

4

Sell/Inv. Ratio

23.57%

Days to Sell

69

Days – Range

11 to 425

Average Price

$446,054

Median Price

$444,000

Price - Range

$225,000  -  $770,000

Hottest Neighbourhood

Westbank Centre


Lots & Acreages

Sales

24

New Listings

50

Current Inventory

305

Number of Months

13

Sell/Inv. Ratio

7.87%

Days to Sell

134

Days – Range

14 to 462

Average Price

$322,238

Median Price

$284,999

Price - Range

$52,500  -  $880,000

Hottest Neighbourhood

Shannon Lake


Residential Single Family Homes.

Sales

143

New Listings

250

Current Inventory

609

Number of Months

4

Sell/Inv. Ratio

23.48%

Days to Sell

75

Days – Range

4 to 934

Average Price

$699,352

Median Price

$651,000

Price - Range

$285,000  -  $6,802,300

Hottest Neighbourhood

Lakeview Heights


Ratio of Sales vs Inventory                 24.34%

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.

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