Are you excited for the Game of Thrones finale on Sunday?
Then you'll ❤️ these castles for sale in Westeros
Check Them Out
Game of Thrones isn't for everyone, but the castles ARE pretty impressive.
Check Them Out!
Do you want content like this delivered to your inbox?
Share
Share

Shuswap Residential Real Estate Statistics September, 2017

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 24 5 minutes read

Typically in our Okanagan Shuswap real estate region, the market changes first in the South, and gradually works its way North - from The Central Zone to the Shuswap.

The chart below shows the change in market demand compared to available inventory -what we call the Absorption rate - expressed in months - as to how long it would take at current demand to consume the properties available.

Shuswap Zone (Salmon Arm to Revelstoke):

In February of 2009 - it would have taken 54.40 months (hmmm insert Band reference here) - yes that is indeed 4 and 1/2 YEARS! 

In may of this year the Shuswap experienced it's most robust month  with just over 6 months supply of real estate available. Currently slightly more (6.81 months) of product is listed for sale.

Top Sale in The Shuswap Zone:


411 Coach Road, Sicamous, V0E 2V0
MLS® #:10132281Status:Sold

Zone:Shuswap / RevelstokeSub Area:SM - Sicamous


Price:$1,450,000
Orig Price:$1,450,000
Sold Price:$1,275,000
Days to Sell:161

 

Marketed As:

WATERFRONT HOME FOR SALE ON MARA LAKE in SICAMOUS COMES WITH A LICENSED DOCK. Pride of ownership shows the moment you enter the home from the design & quality to the care and attention both inside & out. At about 5,500 sf between an original home built in about 1978 & the adjoining structure built in 2010, there are 2 kitchens, 6 bedrooms, 4 1/2 baths, a sun room, 2 living rooms & 2 family rooms including one large enough for a billiards table. There is a single car garage, lots of parking & storage. Built in 2010, the newer side has a custom-designed kitchen with granite counters, a large island & a walk-in pantry. The main level also includes laundry, bedroom or office & a 2 pce bathroom. The Master Suite in the loft is about 941 sf & includes a sun-room with french doors, a tiled steam shower & two walk-in closets. The property is perfect for multi-family purchase or primarily use one side to live in or vacation at and keep the other as a space for self-contained guests or to rent. 

 

Here are the numbers from OMREB, for the Shuswap Revelstoke residential MLS® real estate market in September 2017.  

The following charts are based on September 1st - 30. 

Shuswap Real Estate Market Update for September 2017

Condo Apartment
 
Listings Sold
 6
New Listings
 5
Current Inventory
 41
Absorption Rate Sell/List
 14.63%
Months of Inventory on Hand
  7 Months
Days to Sell (Average)
 180
Days to Sell (Range)
 35  to  647
Average Sale Price
$300,150
Median Sale Price
$287,450
Range of Sales Prices
$185,000 - $455,500

Hottest Neighbourhood
 Revelstoke
Condo Townhouse
 
Listings Sold
 11
New Listings
 12
Current Inventory
 43
Absorption Rate Sell/List
 25.58%
Months of Inventory on Hand
 4 Months
Days to Sell (Average)
 133
Days to Sell (Range)
 30  to  332
Average Sale Price
$319,227
Median Sale Price
$289,000
Range of Sales Prices
$189,000 - $660,000

Hottest Neighbourhood
 Sicamous
Building Lot
 
Listings Sold
 34
New Listings
 43
Current Inventory
 345
Absorption Rate Sell/List
 9.86%
Months of Inventory on Hand
   10 Months

Days to Sell (Average)
 242
Days to Sell (Range)
 9  to  2,120
Average Sale Price
$159,404
Median Sale Price
$128,450
Range of Sales Prices
$26,000 - $765,000

Hottest Neighbourhood
  Blind Bay

Residential Homes
 
Listings Sold
 53
New Listings
 82
Current Inventory
 235
Absorption Rate Sell/List
 22.55%
Months of Inventory on Hand
  4 Months

Days to Sell (Average)
 62
Days to Sell (Range)
 4  to  308
Average Sale Price
$416,734
Median Sale Price
$365,000
Range of Sales Prices
$97,000 - $1,275,000
Hottest Neighbourhood
 North East Salmon Arm

Ratio of Sales vs Inventory      19.01%

 Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo


 

 

 

 


 

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info