Jason Neumann

REALTOR®
251 Harvey Avenue
Kelowna, BCV1Y 6C2
Office: 250-869-0101
Office Fax: 250-869-0105
Cell: 250-808-7700
Toll Free: 1-888-301-2121
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Jason Neumann

Jason Neumann REALTOR®

CENTURY 21 Assurance Realty Ltd.
251 Harvey Avenue
Kelowna, BCV1Y 6C2
Office: 250-869-0101
Cell: 250-808-7700
Toll Free: 1-888-301-2121
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June 2012 Kelowna And Okanagan Real Estate By The Numbers

Kelowna and West Kelowna -  Central Okanagan Real Estate Stats - June 2012

 

Ratio of Sales vs. Total Inventory = 9.30%

Condo -- Sales = 79

Condo -- New Listings  = 160

Condo -- Current Inventory = 977

Condo -- Sell/Inv. Ratio = 8.09%

Condo -- Days to Sell = 130

Average Price: $246,012

Average Median Price: $225,000

 

Townhouse -- Sales = 63

Townhouse -- New Listings = 125

Townhouse -- Current Inventory = 540

Townhouse -- Sell/Inv. Ratio = 11.67%

Townhouse -- Days to Sell = 129

Average Price: $315,846

Average Median Price: $314,000

 

Lots -- Sales = 19

Lots -- New Listings = 60

Lots -- Current Inventory = 809

Lots -- Sell/Inv. Ratio = 2.35%

Lots -- Days to Sell = 195

Average Price: $167,657

Average Median Price: $170,000

 

Residential -- Sales = 205

Residential -- New Listings = 442

Residential -- Current Inventory = 1,775

Residential -- Sell/Inv. Ratio = 11.55%

Residential -- Days to Sell = 84

Average House Price = $475,019

Median House Price = $425,000

 

Description                                      Total Listings Taken                                        Inventory

This Month                                                     976                                                           5,251

Last Month                                                    1,222                                                        5,283

This Month Last Year                                 1,096                                                        5,261

 

 Description                                      Total Units Sold                                                Total Sales Volume

This Month                                                 432                                                                 $167,670,688

Last Month                                                 436                                                                 $174,880,469

This Month Last Year                              370                                                                 $144,876,785

 

Okanagan Real Estate Sales for June 2012 - Peachland to Revelstoke: Overall sales in OMREB’s Board area improved by 14.5% during the month of June compared to this time last year (to 662 from 578), and sales volumes were up 12.0% to $239.7 million from $213.9 million. Year-to-date unit sales for the first two quarters of 2012 (3,150 valued at $1.15 billion) improved 9.7% over 2011 (2,872 at $1.07 billion). While inventory in June was similar to this time last year at 9,725 units compared to 9,715, the 1,670 new listings taken for the month dropped 8.9% from 1,833 in 2011.

Central Okanagan - Peachland to Lake Country: Overall sales in the Central Zone for the month jumped 17.0% to 436 units valued at $167.7 million compared to June 2011 (369 at $144.6 million). Year-to-date figures rose 9.8% (to 2,059 at $791.7 million) over the first six months of 2011 (1,876 at $724.5 million). Total residential sales for June were up 16.7% (to 391 at $154.3 million) compared to 2011 (335 at $135.7 million). Single family home sales (205 units) rose 4.0% compared to last June (197). Apartment sales for the month showed a 49.0% gain over last year (to 79 from 53 units), and were up 22.8% year-to-date (to 398 from 324). The number of townhouses sold in June improved 43.2% over 2011 (to 63 from 44), and rose 14.0% year-to-date (to 293 from 257 in 2011). While inventory for the month was similar to last year (dipping marginally to 5,247 units from 5,254), the 975 new listings added dropped 10.8% from 1,093 in 2011.

North Zone - Predator Ridge to Enderby: Overall sales in the North Zone for June were up 8.7% to 150 units (valued at $48.8 million) compared to 138 ($46.1 million) in 2011. Year-to-date unit sales for 2012 (733 valued at $251.3 million) improved 10.6% compared to activity during the first two quarters last year (663 at $233.2 million).   Total residential sales for June (136 units at $45.9 million) showed a 7.0% improvement over last year (127 at $41.7 million). Single family home sales (85) for the month were up 8.9% compared to the units sold in June 2011 (78). Apartment sales were up 37.5% over last year at this time (to 11 from 8). Inventory during June was similar to this time last year (up slightly at 2,624 compared to 2,620), while the 449 new listings taken for the month rose 10.3% from 407 in 2011.

Shuswap Zone - Salmon Arm to Revelstoke: During June, overall unit sales in the Shuswap Zone improved 14.3% to 80 units (valued at $23.2 million) compared to 70 ($22.9 million) in 2011. Year-to-date figures for 2012 (357 sales valued at $106.3 million) showed an 8.5% gain over the first six months of last year (329 at $105.8 million). Total residential sales jumped 14.0% to 65 units ($21.2 million) compared to 57 last June ($21.3 million). Single family unit sales for the month rose 8.8% (to 37 at $11.7 million) from 29 in 2011 (34 at $10.9 million). Apartment sales continue to show significant gains with 8 units valued at $2.0 million, compared to zero units in June 2011, and a 230% jump year-to-date with 33 units compared to 10 during the first six months last year. While new listings taken during the month dropped 25.8% compared to last year (to 244 from 329), inventory rose 1.0% compared to 2011 (1,847 from 1,828).

Complete Okanagan and Shuswap June Real Estate Stats, please click here: OMREB Statistics and Statistical Graph.  For detailed information on recent housing starts in Kelowna,BC please visit CMHC

Disclaimer: Monthly sales statistics are based on the sales reported by real estate offices as of the last day of the month.  As a result, there may be some lag time in reporting sales and other minor adjustments in the total results are made accordingly.

If you would like more in depth statistics or have any general questions please contact me at (250) 808-7700 or at jason.neumann@century21.ca

Learn more about my Automatic Email Notification System and start your home search today!

Sincerely,

Jason Neumann

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