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Central Okanagan Real Estate Report February 2018

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Oct 29 2 minutes read

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.

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