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North Okanagan Residential Real Estate Statistics August, 2017
August 2017
Residential Real Estate inventory continues to decline in the North Okanagan ( Vernon BC and area) with over 14% fewer properties available for purchase compared to August 2016.
North Zone : (Predator Ridge to Enderby):
Top Sale:
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Here is a look at the numbers from OMREB - for the North Okanagan Residential MLS® real estate market in . The following charts are based on August 1st - 31st #social-add#
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 | 23 |
| New Listings | 21 |
| Current Inventory | 84 |
| Absorption Rate Sell/List | 27.38% |
| Months of Inventory on Hand | 4 Months |
| Days to Sell (Average) | 57 |
| Days to Sell (Range) | 9 to 265 |
| Average Sale Price | $214,655 |
| Median Sale Price | $212,000 |
| Range of Sales Prices | $100,000 - $335,000 |
| Hottest Neighbourhood | Vernon City |
| Condo Townhouse | |
| Listings Sold | 34 |
| New Listings | 43 |
| Current Inventory | 94 |
| Absorption Rate Sell/List | 36.17% |
| Months of Inventory on Hand | 3 Months |
| Days to Sell (Average) | 92 |
| Days to Sell (Range) | 8 to 880 |
| Average Sale Price | $323,760 |
| Median Sale Price | $289,500 |
| Range of Sales Prices | $121,900 - $930,000 |
| Hottest Neighbourhood | Okanagan Landing |
| Building Lot | |
| Listings Sold | 14 |
| New Listings | 48 |
| Current Inventory | 368 |
| Absorption Rate Sell/List | 3.80% |
| Months of Inventory on Hand | 26 Months |
| Days to Sell (Average) | 297 |
| Days to Sell (Range) | 1 to 958 |
| Average Sale Price | $220,950 |
| Median Sale Price | $190,000 |
| Range of Sales Prices | $31,000 - $860,000 |
| Hottest Neighbourhood | Lumby Valley |
| Residential Homes | |
| Listings Sold | 131 |
| New Listings | 148 |
| Current Inventory | 362 |
| Absorption Rate Sell/List | 36.19% |
| Months of Inventory on Hand | 3 Months |
| Days to Sell (Average) | 52 |
| Days to Sell (Range) | 1 to 407 |
| Average Sale Price | $466,475 |
| Median Sale Price | $437,750 |
| Range of Sales Prices | $170,000 - $1,450,000 |
| Hottest Neighbourhood | East Hill |
Ratio of Sales vs Inventory 26.68%
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo