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Central Okanagan Real Estate Report March 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


Based on March 1st -  31st  

This month we've added a new feature - a look at our favourite key performance indicator - the "Absorption Rate."  displayed below as "Months of Inventory" - the time it would take to sell out all active listings based on the demand at the time.


Condo/Apartments

Sales

129

New Listings

279

Current Inventory

416

Number of Months

3

Sell/Inv. Ratio

31.01%

Days to Sell

42

Days – Range

6 to 356

Average Price

$364,062

Median Price

$330,000

Price - Range

$89,000  -  $1,035,000

Hottest Neighbourhood

Kelowna North


Condo/Townhouses

Sales

63

New Listings

145

Current Inventory

244

Number of Months

4

Sell/Inv. Ratio

25.82%

Days to Sell

46

Days – Range

9 to 287

Average Price

$499,413

Median Price

$466,571

Price - Range

$242,000  -  $1,055,000

Hottest Neighbourhood

Springfield/Spall


Lots & Acreages

Sales

13

New Listings

75

Current Inventory

333

Number of Months

26

Sell/Inv. Ratio

3.90%

Days to Sell

156

Days – Range

11 to 343

Average Price

$322,157

Median Price

$264,900

Price - Range

$78,500  -  $770,000

Hottest Neighbourhood

Black Mountain


Residential Homes

Sales

183

New Listings

420

Current Inventory

801

Number of Months

4

Sell/Inv. Ratio

22.85%

Days to Sell

53

Days – Range

3 to 443

Average Price

$734,197

Median Price

$685,000

Price - Range

$248,000  -  $3,600,000

Hottest Neighbourhood

Kelowna South


Ratio of Sales vs Inventory                 22.38%

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