Ratio of Sales vs. Total Inventory = 6.59%
Condo -- Sales = 52
Condo -- New Listings = 119
Condo -- Current Inventory = 851
Condo -- Sell/Inv. Ratio = 6.11%
Condo -- Days to Sell = 113
Average Price: $250,545
Average Median Price: $219,500
Townhouse -- Sales = 31
Townhouse -- New Listings = 58
Townhouse -- Current Inventory = 455
Townhouse -- Sell/Inv. Ratio = 6.81%
Townhouse -- Days to Sell = 97
Average Price: $337,129
Average Median Price: $297,000
Lots -- Sales = 9
Lots -- New Listings = 41
Lots -- Current Inventory =614
Lots -- Sell/Inv. Ratio = 1.47%
Lots -- Days to Sell = 286
Average Price: $222,745
Average Median Price: $218,000
Residential -- Sales = 124
Residential -- New Listings = 225
Residential -- Current Inventory = 1,359
Residential -- Sell/Inv. Ratio = 9.12%
Residential -- Days to Sell = 94
Average House Price = $456,910
Median House Price = $426,700
Description Total Listings Taken Inventory
This Month 575 4,479
Last Month 834 4,765
This Month Last Year 710 4,351
Description Total Units Sold Total Sales Volume
This Month 258 $98,089,781
Last Month 293 $112,516,273
This Month Last Year 221 $76,928,947
Central Zone (Peachland to Lake Country): Overall unit sales and sales volumes in the Central Zone jumped by 16.7% to 258 units ($98.1 million) compared to 221 ($76.9 million) last November, and were down 6.6% compared to the 277 units sold in October. Total residential sales improved by 19.9% to 236 units compared to 197 sold last November, and were down 6.7% from 253 in October. Single family home sales of 124 units rose 12.7% compared to 110 last year, but remained the same as this October (125). November’s inventory of 4,475 units was up 3.1% compared to 4,339 in 2010, but the 574 new listings for the month declined 18.9% over the 708 last year.
Complete OMREB Statistics and Statistical Graph for November 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
Learn more about my Automatic Email Notification System and start your home search today!
Sincerely,
Jason Neumann