Shuswap Residential Real Estate Statistics October, 2017
Heading into the winding down time for local real estate - with 10 months of the year completed. When you scroll down - you'll see we have added a chart detailing residential home sales in the Shuswap - comparing the last 3 Octobers. You will see that while the numbers are trending downward - it is slight. You might also notice a difference between our chart number and our report number - that is because our graph includes all residential single family home types - whereas the OMREB stats we use monthly does not.
The following information is based MLS® sales activity reported between October 1st - 31st, 2017.
Condo/Apartments
| Sales | 4 |
| New Listings | 2 |
| Current Inventory | 33 |
| Number of Months | 8 |
| Sell/Inv. Ratio | 12.12% |
| Days to Sell | 177 |
| Days – Range | 32 to 595 |
| Average Price | $441,875 |
| Median Price | $405,000 |
| Price - Range | $367,499 - $589,900 |
| Hottest Neighbourhood | Revelstoke |
Condo/Townhouses
| Sales | 8 |
| New Listings | 4 |
| Current Inventory | 34 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 23.53% |
| Days to Sell | 54 |
| Days – Range | 9 to 203 |
| Average Price | $290,863 |
| Median Price | $301,500 |
| Price - Range | $133,000 - $397,000 |
| Hottest Neighbourhood | North East Salmon Arm |
Lots & Acreages
| Sales | 27 |
| New Listings | 42 |
| Current Inventory | 330 |
| Number of Months | 12 |
| Sell/Inv. Ratio | 8.18% |
| Days to Sell | 195 |
| Days – Range | 8 to 882 |
| Average Price | $145,138 |
| Median Price | $122,000 |
| Price - Range | $16,000 - $330,000 |
| Hottest Neighbourhood | Revelstoke |
Residential Homes
| Sales | 48 |
| New Listings | 34 |
| Current Inventory | 192 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 25.00% |
| Days to Sell | 83 |
| Days – Range | 8 to 501 |
| Average Price | $419,267 |
| Median Price | $379,950 |
| Price - Range | $168,000 - $860,000 |
| Hottest Neighbourhood | North East Salmon Arm |
Ratio of Sales vs Inventory 18.79%