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Central Okanagan Real Estate

The Central Okanagan real estate market continued to move with almost 14% of active listings changing to SOLD status in December 2019.  The Apartment sector is the hottest sales commodity . Check out each sector below.

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Central Okanagan Real Estate Report December 2019

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...

Jan 1 2 minutes read

Central Okanagan – Monthly Statistics


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 REALTORS® and real estate offices to the Okanagan Mainline Real Estate Board between December 1st – 31st, 2019

Condo/Apartments

Sales

74

New Listings

89

Current Inventory

409

Number of Months

6

Sell/Inv. Ratio

18.09%

Days to Sell

81

Days – Range

12 to 407

Average Price

$363,855

Median Price

$337,500

Price - Range

$96,000 - $1,200,000

Hottest Neighbourhood

Lower Mission

 
Condo/Townhouses

Sales

45

New Listings

50

Current Inventory

267

Number of Months

6

Sell/Inv. Ratio

16.85%

Days to Sell

72

Days – Range

8 to 214

Average Price

$489,376

Median Price

$495,000

Price - Range

$225,000 - $875,000

Hottest Neighbourhood

Lower Mission

 

Lots & Acreages

Sales

9

New Listings

90

Current Inventory

438

Number of Months

49

Sell/Inv. Ratio

2.05%

Days to Sell

189

Days – Range

12 to 303

Average Price

$292,766

Median Price

$314,999

Price - Range

$105,000 - $550,000

Hottest Neighbourhood

Shannon Lake


Residential – Single Family Homes

Sales

118

New Listings

125

Current Inventory

721

Number of Months

6

Sell/Inv. Ratio

16.37%

Days to Sell

87

Days – Range

10 to 381

Average Price

$679,304

Median Price

$630,750

Price - Range

$280,000 - $2,050,000

Hottest Neighbourhood

Shannon Lake

 
Ratio of Sales vs Inventory                 13.87%

If you are thinking of making a move - we are here with all the latest information to help you make decisions that are right for you!

 

 


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