Ratio of Sales vs. Total Inventory = 5.73%
Condo -- Sales = 40
Condo -- New Listings = 174
Condo -- Current Inventory = 850
Condo -- Sell/Inv. Ratio = 4.71%
Condo -- Days to Sell = 105
Average Price: $267,945
Average Median Price: $233,000
Townhouse -- Sales = 25
Townhouse -- New Listings = 105
Townhouse -- Current Inventory = 429
Townhouse -- Sell/Inv. Ratio = 5.83%
Townhouse -- Days to Sell = 141
Average Price: $380,372
Average Median Price: $351,000
Lots -- Sales = 12
Lots -- New Listings = 82
Lots -- Current Inventory = 586
Lots -- Sell/Inv. Ratio = 2.05%
Lots -- Days to Sell = 252
Average Price: $171,683
Average Median Price: $171,200
Residential -- Sales = 102
Residential -- New Listings = 383
Residential -- Current Inventory = 1,261
Residential -- Sell/Inv. Ratio = 8.09%
Residential -- Days to Sell = 102
Average House Price = $415,358
Median House Price = $403,600
Description Total Listings Taken Inventory
This Month 902 4,233
Last Month 461 3,856
This Month Last Year 915 4,077
Description Total Units Sold Total Sales Volume
This Month 212 $75,074,105
Last Month 183 $77,026,739
This Month Last Year 213 $81,411,301
Central Zone (Peachland to Lake Country): Overall sales in the Central Zone slipped by 0.9% to 211 units ($74.8 million) compared to 213 ($81.4 million) last January, but improved 15.3% over the 183 units sold in December. While total residential sales dipped by 3.6% to 189 units compared to 196 sold last January, they jumped 14.5% from the 165 in December. Single family home sales of 102 units rose 3.0% compared to 99 last year, and climbed 6.3% compared to December (96). While, January’s inventory of 4,231 units was up 4.0% compared to 4,067 in 2011, the 902 new listings for the month dipped 1.1% from the 912 last year.
North Zone (Predator Ridge to Enderby): Overall sales in the North Zone for January dropped 8.8% to 73 units ($24.6 million) compared to 80 ($28.3 million) in 2011, and slipped 5.2% from the 77 units sold in December. Total residential sales for January dipped by 3.0% to 64 units compared to 66 last year, and declined 5.9% from the 68 sold in December. Single family home sales (37) were down 2.6% compared to the units sold in January 2011 (38), but improved by 5.7% compared to unit sales in December (35). Last month’s inventory dropped 2.5% to 1,946 compared to 1,996 last January, and the 292 new listings taken were down 1.0% from 295 in 2011.
Complete OMREB Statistics and Statistical Graph for January 2012. For detailed housing starts in Kelowna for 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
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Sincerely,
Jason Neumann