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Central Okanagan Real Estate Report January, 2018
Based on sales reported by REALTORS® January 1st - 31st
Condo/Apartments
| Sales | 110 |
| New Listings | 147 |
| Current Inventory | 284 |
| Number of Months | 3 |
| Sell/Inv. Ratio | 38.73% |
| Days to Sell | 65 |
| Days – Range | 2 to 257 |
| Average Price | $322,183 |
| Median Price | $316,250 |
| Price - Range | $68,000 - $855,900 |
| Hottest Neighbourhood | Kelowna North |
Condo/Townhouses
| Sales | 37 |
| New Listings | 75 |
| Current Inventory | 157 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 23.57% |
| Days to Sell | 69 |
| Days – Range | 11 to 425 |
| Average Price | $446,054 |
| Median Price | $444,000 |
| Price - Range | $225,000 - $770,000 |
| Hottest Neighbourhood | Westbank Centre |
Lots & Acreages
| Sales | 24 |
| New Listings | 50 |
| Current Inventory | 305 |
| Number of Months | 13 |
| Sell/Inv. Ratio | 7.87% |
| Days to Sell | 134 |
| Days – Range | 14 to 462 |
| Average Price | $322,238 |
| Median Price | $284,999 |
| Price - Range | $52,500 - $880,000 |
| Hottest Neighbourhood | Shannon Lake |
Residential Single Family Homes.
| Sales | 143 |
| New Listings | 250 |
| Current Inventory | 609 |
| Number of Months | 4 |
| Sell/Inv. Ratio | 23.48% |
| Days to Sell | 75 |
| Days – Range | 4 to 934 |
| Average Price | $699,352 |
| Median Price | $651,000 |
| Price - Range | $285,000 - $6,802,300 |
| Hottest Neighbourhood | Lakeview Heights |
Ratio of Sales vs Inventory 24.34%
DISCLAIMER: Monthly Sales statistics are based on the sales reported by real estate offices on or before the last day of the month. Sales not reported by month end and collapsed sales are reflected in the subsequent month’s statistics.