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September 2018 Central Okanagan Real Estate Update

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  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%

  


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