Ratio of Sales vs. Total Inventory = 6.38%
Condo -- Sales = 50
Condo -- New Listings = 200
Condo -- Current Inventory = 889
Condo -- Sell/Inv. Ratio = 5.62%
Condo -- Days to Sell = 118
Average Price: $250,707
Average Median Price: $210,625
Townhouse -- Sales = 37
Townhouse -- New Listings = 74
Townhouse -- Current Inventory = 507
Townhouse -- Sell/Inv. Ratio = 7.30%
Townhouse -- Days to Sell = 182
Average Price: $347,664
Average Median Price: $350,000
Lots -- Sales = 12
Lots -- New Listings = 86
Lots -- Current Inventory =634
Lots -- Sell/Inv. Ratio = 1.89%
Lots -- Days to Sell = 109
Average Price: $240,650
Average Median Price: $207,500
Residential -- Sales = 125
Residential -- New Listings = 311
Residential -- Current Inventory = 1,481
Residential -- Sell/Inv. Ratio = 8.44%
Residential -- Days to Sell = 97
Average House Price = $463,503
Median House Price = $417,500
Description Total Listings Taken Inventory
This Month 834 4,765
Last Month 831 4,991
This Month Last Year 757 4,619
Description Total Units Sold Total Sales Volume
This Month 277 $106,468,973
Last Month 319 $128,492,473
This Month Last Year 281 $135,873,594
Central Zone (Peachland to Lake Country): Overall unit sales and sales volumes in the Central Zone dipped by 1.07% to 277 units ($106.4 million) compared to 280 ($135.5 million) last October, and were down 6.41% compared to the 296 units sold in September. Total residential sales last month slipped by 0.78% to 253 units compared to 255 last year, and were down 8.99% from 278 in September. Single family home sales of 125 units showed a 10.17% drop compared to 139 last year, and were down 13.79% from the 145 homes sold this September. October’s inventory of 4,761 units was up 3.37% compared to 4,606 in 2010, and the 834 new listings for the month rose 10.17% over 757 last year.
Complete OMREB Statistics and Statistical Graph for October 2011
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
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Sincerely,
Jason Neumann