September 2011 Market Statistics

“The market in the Okanagan-Shuswap is beginning to stabilize as autumn unfolds, especially in the Central Zone with the bumpup in sales during September and steady activity over the past few months." Kent Jorgenson, OMREB Director in the Central Zone.

Jorgenson notes, “Serious buyers are looking for wellpriced properties – recognizing that now is the time to buy while there is still an ample selection of homes and room to negotiate, and while low interest rates continue to positively 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 sellers with the sharpest pencils are selling quickly in this competitive market. “

Source: OMREB www.OMREB.com

Central Okanagan

Houses
Median Price: $427,000
Average Days on Market: 88
Sales: 145
New Listings: 362
Inventory: 1590

Condos
Median Price: $212,500
Average Days on Market: 107
Sales: 65
New Listings: 180
Inventory: 878

Townhomes
Median Price: $303,646
Average Days on Market: 118
Sales: 39
New Listings: 98
Inventory: 546

Lots
Median Price: $175,000
Average Days on Market: 226
Sales: 11
New Listings: 44
Inventory: 643

North Okanagan

Houses
Median Price: $363,500
Average Days on Market: 119
Sales: 46
New Listings: 134
Inventory: 816

Condos
Median Price: $148,000
Average Days on Market: 277
Sales: 10
New Listings: 16
Inventory: 158

Townhomes
Median Price: $246,250
Average Days on Market: 143
Sales: 10
New Listings: 40
Inventory: 250

Lots
Median Price: $170,000
Average Days on Market: 118
Sales: 8
New Listings: 44
Inventory: 327

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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