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Shuswap Real Estate Market Update July 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

Shuswap – Monthly Statistics

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.

July 2018

Based on July 1st -  31st

Condo/Apartments

Sales

5

New Listings

10

Current Inventory

38

Number of Months

8

Sell/Inv. Ratio

13.16%

Days to Sell

87

Days – Range

17 to 179

Average Price

$266,780

Median Price

$284,900

Price - Range

$185,000  -  $312,000 

Hottest Neighbourhood

Revelstoke




Condo/Townhouses

Sales

13

New Listings

18

Current Inventory

54

Number of Months

4

Sell/Inv. Ratio

 24.07%

Days to Sell

90

Days – Range

18 to 302

Average Price

$321,108

Median Price

$285,000

Price - Range

$179,500  -  $576,000

Hottest Neighbourhood

North Shuswap


Lots & Acreages

Sales

14

New Listings

46

Current Inventory

423

Number of Months

30

Sell/Inv. Ratio

3.31%

Days to Sell

93

Days – Range

8 to 582

Average Price

$129,493

Median Price

$140,000

Price - Range

$21,000  -  $215,000

Hottest Neighbourhood

South East Salmon Arm


Residential Single Family Homes

Sales

69

New Listings

79

Current Inventory

327

Number of Months

5

Sell/Inv. Ratio

21.10%

Days to Sell

71

Days – Range

8 to 356

Average Price

$517,129

Median Price

$450,000

Price - Range

$35,000  -  $2,990,000

Hottest Neighbourhood

South East Salmon Arm


Ratio of Sales vs Inventory                 14.81%


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