August 2011 Statistics

“Serious buyers are looking for well‐priced properties – recognizing that now is the time to buy while there is still a good selection of homes and room to negotiate, and knowing that higher interest rates anticipated later this year could impact their purchasing power and determine the home they can afford. Sellers can benefit from working with a professional REALTOR® to price strategically at current values and make the most of buyer activity. Homes with good curb appeal that are listed by vendors with the sharpest pencils are selling quickly in this competitive market."
Source: OMREB www.OMREB.com

Central Okanagan

Houses
Median Price: $470,000
Average Days on Market: 85
Sales: 132
New Listings: 357
Inventory: 1709

Condos
Median Price: $237,000
Average Days on Market: 117
Sales: 63
New Listings: 151
Inventory: 934

Townhomes
Median Price: $350,000
Average Days on Market: 118
Sales: 39
New Listings: 98
Inventory: 546

Lots
Median Price: $189,900
Average Days on Market: 167
Sales: 17
New Listings: 50
Inventory: 117

North Okanagan

Houses
Median Price: $326,250
Average Days on Market: 108
Sales: 46
New Listings: 143
Inventory: 842

Condos
Median Price: $185,000
Average Days on Market: 136
Sales: 9
New Listings: 19
Inventory: 169

Townhomes
Median Price: $227,000
Average Days on Market: 122
Sales: 15
New Listings: 38
Inventory: 260

Lots
Median Price: $210,000
Average Days on Market: 275
Sales: 13
New Listings: 59
Inventory: 195

DISCLAIMER: Monthly sales statistics are based on the sales reported by real estate offices as of the last day of the month.  There may be some lag time in reporting sales and minor adjustments in total results are made accordingly.

 

Amanda Westrheim

Amanda Westrheim

REALTOR®
CENTURY 21 Assurance Realty Ltd.
Contact Me

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