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September 2018 Central Okanagan Real Estate Update
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 information reported September 1st - 30th
Condo/Apartments
| Sales | 94 |
| New Listings | 174 |
| Current Inventory | 536 |
| Number of Months | 6 |
| Sell/Inv. Ratio | 17.54% |
| Days to Sell | 64 |
| Days – Range | 2 to 177 |
| Average Price | $346,102 |
| Median Price | $325,000 |
| Price - Range | $86,000 - $1,775,000 |
| Hottest Neighbourhood | Lower Mission |
Condo/Townhouses
| Sales | 46 |
| New Listings | 136 |
| Current Inventory | 385 |
| Number of Months | 8 |
| Sell/Inv. Ratio | 11.95% |
| Days to Sell | 71 |
| Days – Range | 10 to 260 |
| Average Price | $510,426 |
| Median Price | $492,250 |
| Price - Range | $178,000 - $865,000 |
| Hottest Neighbourhood | Westbank Centre |
Lots & Acreages
| Sales | 11 |
| New Listings | 53 |
| Current Inventory | 414 |
| Number of Months | 38 |
| Sell/Inv. Ratio | 2.66% |
| Days to Sell | 116 |
| Days – Range | 23 to 693 |
| Average Price | $168,500 |
| Median Price | $80,000 |
| Price - Range | $50,000 - $441,000 |
| Hottest Neighbourhood | Fintry |
Single Family Residential Homes
| Sales | 180 |
| New Listings | 425 |
| Current Inventory | 1,241 |
| Number of Months | 7 |
| Sell/Inv. Ratio | 14.50% |
| Days to Sell | 58 |
| Days – Range | 3 to 302 |
| Average Price | $720,824 |
| Median Price | $677,500 |
| Price - Range | $303,050 - $2,695,000 |
| Hottest Neighbourhood | Lakeview Heights |
Ratio of Sales vs Inventory 13.19%