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North Okanagan Real Estate Market Update 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

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 May 1st -  31st

Condo/Apartments

Sales

13

New Listings

28

Current Inventory

73

Number of Months

5

Sell/Inv. Ratio

17.81%

Days to Sell

83

Days – Range

7 to 617

Average Price

$199,481

Median Price

$177,250

Price - Range

$104,500  -  $310,000

Hottest Neighbourhood

Vernon City



Condo/Townhouses

Sales

45

New Listings

73

Current Inventory

123

Number of Months

3

Sell/Inv. Ratio

36.59%

Days to Sell

62

Days – Range

1 to 500

Average Price

$344,404

Median Price

$312,700

Price - Range

$140,000  -  $1,100,000

Hottest Neighbourhood    

Okanagan Landing


Lots & Acreages

Sales

15

New Listings

51

Current Inventory

333

Number of Months

22

Sell/Inv. Ratio

4.50%

Days to Sell

243

Days – Range

1 to 572

Average Price

$256,367

Median Price

$225,000

Price - Range

$72,500  -  $550,000

Hottest Neighbourhood    

Coldstream


Residential Single Family Homes

Sales

115

New Listings

182

Current Inventory

385

Number of Months

3

Sell/Inv. Ratio

29.87%

Days to Sell

65

Days – Range

1 to 319

Average Price

$521,558

Median Price

$475,238

Price - Range

$260,000-  $1,550,000

Hottest Neighbourhood    

East Hill


Ratio of Sales vs Inventory                 24.54%

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