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Central Okanagan Real Estate Market May 2018

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 2 minutes read

Central Okanagan – Monthly Statistics

PLEASE NOTE: Average prices indicate market trending only. They do not reflect actual prices which vary from house to house and area to area. The Median sale price is the midpoint of sales during the month. The Average and Median Sold Prices are for Single Family Homes and do not include Residential Waterfront Properties.

 

Based on Sales  reported May 1st -  31st

Condo/Apartments

 

Sales

148

New Listings

250

Current Inventory

509

Number of Months

3

Sell/Inv. Ratio

29.08%

Days to Sell

43

Days – Range

7 to 202

Average Price

$341,761

Median Price

$335,000

Price - Range

$38,000  -  $1,030,000

Hottest Neighbourhood

Lower Mission

 

Condo/Townhouses 


Sales

73

New Listings

167

Current Inventory

314

Number of Months

4

Sell/Inv. Ratio

23.25%

Days to Sell

41

Days – Range

5 to 175

Average Price

$511,364

Median Price

$516,000

Price - Range

$226,000  -  $737,000

Hottest Neighbourhood

Glenmore

 

Lots & Acreages

 

Sales

31

New Listings

87

Current Inventory

385

Number of Months

12

Sell/Inv. Ratio

8.05%

Days to Sell

140

Days – Range

15 to 1,038

Average Price

$286,791

Median Price

$270,000

Price - Range

$59,500  -  $675,000

Hottest Neighbourhood

Fintry

 

Residential Single Family Homes


Sales

240

New Listings

587

Current Inventory

1,069

Number of Months

4

Sell/Inv. Ratio

22.45%

Days to Sell

46

Days – Range

7 to 369

Average Price

$723,247

Median Price

$677,500

Price - Range

$290,000  -  $5,745,000

Hottest Neighbourhood

Westbank Centre

 


Ratio of Sales vs Inventory                 22.22%

   


  


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