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September 2018 Shuswap Real Estate Update

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

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 September 1st -  31st

Condo/Apartments

Sales

3

New Listings

7

Current Inventory

36

Number of Months

12

Sell/Inv. Ratio

8.33%

Days to Sell

619

Days – Range

16 to 1,806

Average Price

$341,333

Median Price

$260,000

Price - Range

$239,000  -  $525,000 

Hottest Neighbourhood

Revelstoke


Condo/Townhouses

Sales

6

New Listings

10

Current Inventory

57

Number of Months

5

Sell/Inv. Ratio

 10.53%

Days to Sell

42

Days – Range

21 to 62

Average Price

$267,000

Median Price

$275,750

Price - Range

$200,000  -  $291,500

Hottest Neighbourhood

South East Salmon Arm


Lots & Acreages

Sales

16

New Listings

20

Current Inventory

378

Number of Months

24

Sell/Inv. Ratio

4.23%

Days to Sell

348

Days – Range

11 to 3,088

Average Price

$167,906

Median Price

$105,000

Price - Range

$21,000 -  $925,000

Hottest Neighbourhood

North Shuswap


Single Family Residential Homes

Sales

51

New Listings

54

Current Inventory

273

Number of Months

5

Sell/Inv. Ratio

18.68%

Days to Sell

88

Days – Range

9 to 515

Average Price

$454,118

Median Price

$400,000

Price - Range

$230,000  -  $944,900

Hottest Neighbourhood

Blind Bay


Ratio of Sales vs Inventory                 19.79%


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