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Shuswap 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

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 information reported  May 1st -  31st

Condo/Apartments

Sales

10

New Listings

10

Current Inventory

35

Number of Months

4

Sell/Inv. Ratio

28.57%

Days to Sell

56

Days – Range

4 to 302

Average Price

$250,790

Median Price

$234,000

Price - Range

$147,500  -  $365,000 

Hottest Neighbourhood

South East Salmon Arm


Condo/Townhouses

Sales

13

New Listings

15

Current Inventory

51

Number of Months

4

Sell/Inv. Ratio

 25.49%

Days to Sell

74

Days – Range

15 to 288

Average Price

$377,034

Median Price

$345,547

Price - Range

$225,000  -  $730,000

Hottest Neighbourhood

Sicamous


Lots & Acreages

Sales

20

New Listings

71

Current Inventory

362

Number of Months

18

Sell/Inv. Ratio

5.52%

Days to Sell

131

Days – Range

3 to 402

Average Price

$177,125

Median Price

$137,000

Price - Range

$32,000  -  $550,000

Hottest Neighbourhood

Revelstoke


Residential Single Family Homes

Sales

54

New Listings

144

Current Inventory

315

Number of Months

6

Sell/Inv. Ratio

17.14%

Days to Sell

67

Days – Range

2 to 527

Average Price

$430,657

Median Price

$408,500

Price - Range

$110,900  -  $1,092,500

Hottest Neighbourhood

Sicamous


Ratio of Sales vs Inventory                 15.37%


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