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Central Okanagan April 2018 Real Estate Overview

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Oct 29 3 minutes read

Top sale in the Central Okanagan zone  was this Lower Mission property. Built in 2000, the home offered 2000 square feet of finished floor area on one level, 4 bedrooms and 2 baths. It listed for $4,995,000. and was sold in 90 days for $4, 432,500.

Marketed as: One of Kelowna's top addresses. Prestigious Hobson Road. Unique offering of level waterfront. Provides .89 acre level home site. Over 120 feet of shoreline with boat dock and lift. Original home was built in 1923 and additions in 1992 to accommodate the current owners growing family. Wood lined walls and ceiling in the home create a cabin feel in combination with the recent updates allowing for modern living. 4 bedrooms and 2 baths. The property offers a quiet sandy bay that is dotted with mature tall standing trees for privacy and shade. A stunning property to build your dream home or use a vacation retreat for family.

Based on April 1st -  30th

Condo/Apartments

Sales

129

New Listings

231

Current Inventory

464

Number of Months

4

Sell/Inv. Ratio

27.80%

Days to Sell

41

Days – Range

-1 to 337

Average Price

$362,600

Median Price

$340,000

Price - Range

$96,000  -  $855,000

Hottest Neighbourhood

Kelowna North


Condo/Townhouses

Sales

76

New Listings

141

Current Inventory

268

Number of Months

4

Sell/Inv. Ratio

28.36%

Days to Sell

58

Days – Range

7 to 374

Average Price

$492,929

Median Price

$473,500

Price - Range

$205,000  -  $980,000

Hottest Neighbourhood

Westbank Centre


Lots & Acreages

Sales

23

New Listings

98

Current Inventory

367

Number of Months

14

Sell/Inv. Ratio

6.27%

Days to Sell

117

Days – Range

1 to 261

Average Price

$402,961

Median Price

$319,000

Price - Range

$74,500  -  $1,150,000

Hottest Neighbourhood

Lake Country East/Oyama


Residential Homes

Sales

225

New Listings

505

Current Inventory

919

Number of Months

4

Sell/Inv. Ratio

24.48%

Days to Sell

50

Days – Range

3 to 346

Average Price

$726,926

Median Price

$660,000

Price - Range

$140,000  -  $4,432,000

Hottest Neighbourhood

Lakeview Heights


Ratio of Sales vs Inventory                 26.95%


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