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Central Okanagan Real Estate Report December 2019
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%
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