.png)
.png)
Central Okanagan Residential Real Estate Statistics August, 2017
Here is our look at the OMREB numbers in Central Okanagan MLS® real estate.
For the second month in a row, the Central Okanagan Active listing inventory shows more properties available than in the same months last year. We will be watching to see if this trend follows through as the Central Okanagan, being largest, sets the pace and tone for our regional real estate performance.
Top Sale:
|
| |||||||||||||||||||||||||||||
| |||||||
The following charts are based on August 1st - 31st, 2017
Monthly Sales statistics are based on the sales reported by real estate offices on or before the last day of the month.
| Condo Apartment | |
| Listings Sold | 161 |
| New Listings | 169 |
| Current Inventory | 387 |
| Absorption Rate Sell/List | 41.60% |
| Months of Inventory on Hand | 2 Months |
| Days to Sell (Average) | 40 |
| Days to Sell (Range) | 7 to 163 |
| Average Sale Price | $342,670 |
| Median Sale Price | $311,500 |
| Range of Sales Prices | $99,000 - $1,345,000 |
| Hottest Neighbourhood | Kelowna North |
| Condo Townhouse | |
| Listings Sold | 96 |
| New Listings | 124 |
| Current Inventory | 250 |
| Absorption Rate Sell/List | 38.40% |
| Months of Inventory on Hand | 3 Months |
| Days to Sell (Average) | 44 |
| Days to Sell (Range) | 2 to 300 |
| Average Sale Price | $448,066 |
| Median Sale Price | $431,950 |
| Range of Sales Prices | $190,900 - $1,720,000 |
| Hottest Neighbourhood | Rutland North |
| Building Lot | |
| Listings Sold | 29 |
| New Listings | 55 |
| Current Inventory | 348 |
| Absorption Rate Sell/List | 8.33% |
| Months of Inventory on Hand | 12 Months |
| Days to Sell (Average) | 116 |
| Days to Sell (Range) | 8 to 405 |
| Average Sale Price | $416,748 |
| Median Sale Price | $295,000 |
| Range of Sales Prices | $45,000 - $2,138,500 |
| Hottest Neighbourhood | Fintry |
| Residential Homes | |
| Listings Sold | 230 |
| New Listings | 463 |
| Current Inventory | 958 |
| Absorption Rate Sell/List | 24.01% |
| Months of Inventory on Hand | 4 Months |
| Days to Sell (Average) | 46 |
| Days to Sell (Range) | 1 to 226 |
| Average Sale Price | $678,608 |
| Median Sale Price | $646,500 |
| Range of Sales Prices | $260,000 - $2,100,000 |
| Hottest Neighbourhood | Upper Mission |
Ratio of Sales vs Inventory 31.22%
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo