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Central Okanagan Real Estate Market May 2018
Central Okanagan – Monthly Statistics
PLEASE NOTE: Average prices indicate market trending only. They do not reflect actual prices which vary from house to house and area to area. The Median sale price is the midpoint of sales during the month. The Average and Median Sold Prices are for Single Family Homes and do not include Residential Waterfront Properties.
Based on Sales reported May 1st - 31st
Condo/Apartments
| Sales | 148 |
| New Listings | 250 |
| Current Inventory | 509 |
| Number of Months | 3 |
| Sell/Inv. Ratio | 29.08% |
| Days to Sell | 43 |
| Days – Range | 7 to 202 |
| Average Price | $341,761 |
| Median Price | $335,000 |
| Price - Range | $38,000 - $1,030,000 |
| Hottest Neighbourhood | Lower Mission |
Condo/Townhouses
| Sales | 73 |
| New Listings | 167 |
| Current Inventory | 314 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 23.25% |
| Days to Sell | 41 |
| Days – Range | 5 to 175 |
| Average Price | $511,364 |
| Median Price | $516,000 |
| Price - Range | $226,000 - $737,000 |
| Hottest Neighbourhood | Glenmore |
Lots & Acreages
| Sales | 31 |
| New Listings | 87 |
| Current Inventory | 385 |
| Number of Months | 12 |
| Sell/Inv. Ratio | 8.05% |
| Days to Sell | 140 |
| Days – Range | 15 to 1,038 |
| Average Price | $286,791 |
| Median Price | $270,000 |
| Price - Range | $59,500 - $675,000 |
| Hottest Neighbourhood | Fintry |
Residential Single Family Homes
| Sales | 240 |
| New Listings | 587 |
| Current Inventory | 1,069 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 22.45% |
| Days to Sell | 46 |
| Days – Range | 7 to 369 |
| Average Price | $723,247 |
| Median Price | $677,500 |
| Price - Range | $290,000 - $5,745,000 |
| Hottest Neighbourhood | Westbank Centre |
Ratio of Sales vs Inventory 22.22%