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Shuswap Residential Real Estate Statistics October, 2017

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 24 2 minutes read


Heading into the winding down time for local real estate - with 10 months of the year completed. When you scroll down - you'll see we have added a chart detailing residential home sales in the Shuswap - comparing the last 3 Octobers. You will see that while the numbers are trending downward - it is slight. You might also notice a difference between our chart number and our report number - that is because our graph includes all residential single family home types - whereas the OMREB stats we use monthly does not.

The following information is based MLS® sales activity reported between  October 1st -  31st, 2017.


Condo/Apartments

Sales

4

New Listings

2

Current Inventory

33

Number of Months

8

Sell/Inv. Ratio

12.12%

Days to Sell

177

Days – Range

32 to 595

Average Price

$441,875

Median Price

$405,000

Price - Range

$367,499  -  $589,900 

Hottest Neighbourhood

Revelstoke


Condo/Townhouses

Sales

8

New Listings

4

Current Inventory

34

Number of Months

4

Sell/Inv. Ratio

23.53%

Days to Sell

54

Days – Range

9 to 203

Average Price

$290,863

Median Price

$301,500

Price - Range

$133,000  -  $397,000

Hottest Neighbourhood

North East Salmon Arm


Lots & Acreages

Sales

27

New Listings

42

Current Inventory

330

Number of Months

12

Sell/Inv. Ratio

8.18%

Days to Sell

195

Days – Range

8 to 882

Average Price

$145,138

Median Price

$122,000

Price - Range

$16,000  -  $330,000

Hottest Neighbourhood

Revelstoke

Residential Homes

Sales

48

New Listings

34

Current Inventory

192

Number of Months

4

Sell/Inv. Ratio

25.00%

Days to Sell

83

Days – Range

8 to 501

Average Price

$419,267

Median Price

$379,950

Price - Range

$168,000  -  $860,000

Hottest Neighbourhood

North East Salmon Arm


Ratio of Sales vs Inventory                 18.79%


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