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December Residential Market

Things were still humming along all the way through the holidays in the Shuswap residential real estate sector where almost 14% of available product moved to SOLD status in December 2019. Check out the markets by sector below.

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Shuswap 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

Shuswap – 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

2

New Listings

5

Current Inventory

32

Number of Months

16

Sell/Inv. Ratio

6.25%

Days to Sell

121

Days – Range

45 to 196

Average Price

$215,400

Median Price

$215,400

Price - Range

$210,800 - $220,000

Hottest Neighbourhood

South East Salmon Arm


Condo/Townhouses

Sales

5

New Listings

11

Current Inventory

37

Number of Months

7

Sell/Inv. Ratio

13.51%

Days to Sell

153

Days – Range

19 to 231

Average Price

$427,080

Median Price

$368,400

Price - Range

$218,000 - $647,000

Hottest Neighbourhood

North West Salmon Arm


Lots & Acreages

Sales

18

New Listings

7

Current Inventory

207

Number of Months

12

Sell/Inv. Ratio

8.70%

Days to Sell

160

Days – Range

6 to 979

Average Price

$238,938

Median Price

$233,095

Price - Range

$16,700 - $630,000

Hottest Neighbourhood

Revelstoke


Residential - Single Family Homes

Sales

23

New Listings

22

Current Inventory

146

Number of Months

6

Sell/Inv. Ratio

15.75%

Days to Sell

140

Days – Range

12 to 491

Average Price

$524,220

Median Price

$475,000

Price - Range

$240,000  -  $1,150,000

Hottest Neighbourhood

South East Salmon Arm   


Ratio of Sales vs Inventory                 13.87%

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