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Central Okanagan Real Estate Report November 2017
November 2017
Top Home Sale in Central Okanagan
1669 Lakestone Drive, Lake Country, V4V 2T4
This Lake Country South West home built in 2015 was offered for the first time on MLS® at $2,599,000 and was sold in 61 days for $2,362,000.
It was marketed as
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Now on to our regularly scheduled real estate market statistics based MLS® sales reported by REALTORS® November 1st - 30th 2017.
Condo/Apartments
| Sales | 112 |
| New Listings | 144 |
| Current Inventory | 313 |
| Number of Months | 3 |
| Sell/Inv. Ratio | 35.78% |
| Days to Sell | 52 |
| Days – Range | 4 to 292 |
| Average Price | $334,106 |
| Median Price | $319,450 |
| Price - Range | $97,500 - $869,900 |
| Hottest Neighbourhood | Kelowna North |
Condo/Townhouses
| Sales | 49 |
| New Listings | 73 |
| Current Inventory | 183 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 28.78% |
| Days to Sell | 58 |
| Days – Range | 9 to 425 |
| Average Price | $469,053 |
| Median Price | $445,000 |
| Price - Range | $230,000 - $867,000 |
| Hottest Neighbourhood | Springfield/Spall |
Lots & Acreages
| Sales | 55 |
| New Listings | 88 |
| Current Inventory | 348 |
| Number of Months | 6 |
| Sell/Inv. Ratio | 15.80% |
| Days to Sell | 66 |
| Days – Range | 7 to 488 |
| Average Price | $285,126 |
| Median Price | $178,125 |
| Price - Range | $55,000 - $3,400,000 |
| Hottest Neighbourhood | Lake Country South West |
Central Okanagan Home Sales by Price Point YTD
Time frame is from Jan 2016 to Dec 2017
Property Type is 'Single Family Residential
MLS is 'OMREB'
Major Area is 'Central Okanagan'
Residential
| Sales | 189 |
| New Listings | 270 |
| Current Inventory | 759 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 24.90% |
| Days to Sell | 50 |
| Days – Range | 5 to 391 |
| Average Price | $674,598 |
| Median Price | $610,000 |
| Price - Range | $250,500 - $2,362,000 |
| Hottest Neighbourhood | Rutland South |
Ratio of Sales vs Inventory 26.45%