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Shuswap Residential Real Estate Report January 2018

Based on sales reported by REALTORS® January 1st -  31st

Condo/Apartments

Sales

4

New Listings

6

Current Inventory

30

Number of Months

8

Sell/Inv. Ratio

13.33%

Days to Sell

204

Days – Range

14 to 714

Average Price

$231,100

Median Price

$227,450

Price - Range

$139,500  -  $330,000 

Hottest Neighbourhood

South West Salmon Arm


Condo/Townhouses

Sales

1

New Listings

4

Current Inventory

26

Number of Months

26

Sell/Inv. Ratio

 3.85%

Days to Sell

343

Days – Range

343 to 343

Average Price

$499,000

Median Price

$499,000

Price - Range

$499,000  -  $499,000

Hottest Neighbourhood

North East Salmon Arm


Lots & Acreages

Sales

16

New Listings

17

Current Inventory

251

Number of Months

16

Sell/Inv. Ratio

6.37%

Days to Sell

193

Days – Range

42 to 720

Average Price

$134,414

Median Price

$136,000

Price - Range

$11,500  -  $305,700

Hottest Neighbourhood

Revelstoke


Residential Single Family Homes

Sales

28

New Listings

37

Current Inventory

146

Number of Months

5

Sell/Inv. Ratio

19.18%

Days to Sell

85

Days – Range

14 to 262

Average Price

$453,325

Median Price

$432,000

Price - Range

$190,000  -  $1,190,000

Hottest Neighbourhood

North East Salmon Arm


Ratio of Sales vs Inventory                 13.69%

DISCLAIMER: Monthly Sales statistics are based on the sales reported by real estate offices on or before the last day of the month. Sales not reported by month end and collapsed sales are reflected in the subsequent month’s statistics.

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