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December 2018 - North Okanagan Residential Real Estate Report

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 information reported by real estate offices  December 1st – 31st 

Condo/Apartments

Sales

12

New Listings

17

Current Inventory

56

Number of Months

5

Sell/Inv. Ratio

21.43%

Days to Sell

84

Days – Range

3 to 228

Average Price

$202,875

Median Price

$186,250

Price - Range

$122,500  -  $327,000

Hottest Neighbourhood

Vernon City


Condo/Townhouses

Sales

19

New Listings

20

Current Inventory

115

Number of Months

6

Sell/Inv. Ratio

16.52%

Days to Sell

99

Days – Range

9 to 485

Average Price

$348,484

Median Price

$350,000

Price - Range

$156,000  -  $475,000

Hottest Neighbourhood

Okanagan Landing


Lots & Acreages

Sales

9

New Listings

18

Current Inventory

245

Number of Months

27

Sell/Inv. Ratio

3.67%

Days to Sell

189

Days – Range

28 to 472

Average Price

$404,889

Median Price

$280,000

Price - Range

$52,000  -  $1,300,000

Hottest Neighbourhood

North BX


Residential Homes

Sales

52

New Listings

34

Current Inventory

285

Number of Months

5

Sell/Inv. Ratio

18.25%

Days to Sell

94

Days – Range

9 to 282

Average Price

$477,904

Median Price

$442,000

Price - Range

$225,000-  $1,175,000

Hottest Neighbourhood

East Hill


Ratio of Sales vs Inventory                 16.91%