Saturday, January 8, 2011

Central Okanagan Real Estate Statistics December 2010

Central Okanagan Real Estate Market Update

Condo / Apartment

 

Listings Sold

22

New Listings

94

Current Inventory

774

Absorption Rate

2.84%

Average Days to Sell

137

Days on Market Range

17-427

Average Price

$246,241

Median Price

$192,500

Price Range

$49,000 - $850,000

Hottest Neighbourhood

Kelowna South

 

Condo / Townhouse

 

Listings Sold

23

New Listings

72

Current Inventory

395

Absorption Rate

5.82%

Average Days to Sell

101

Days on Market Range

1-330

Average Price

$333,472

Median Price

$325,000

Price Range

$155,000 - $785,000

Hottest Neighbourhood

Kelowna South

 

Building Lots

 

Listings Sold

10

New Listings

38

Current Inventory

499

Absorption Rate

2.00%

Average Days to Sell

243

Days on Market Range

24-1101

Average Price

$227,925

Median Price

$192,000

Price Range

$90,000 - $430,000

Hottest Neighbourhood

Glenmore

 

Residential

 

Listings Sold

82

New Listings

138

Current Inventory

1,109

Absorption Rate

7.39%

Average  Days to Sell

123

Days on Market Range

11-563

Average Price

$462,527

Median Price

$418,750

Price Range

$150,000 - $2,025,000

Hottest Neighbourhood

Glenmore

Overall Sales vs Inventory = 4.93%

 

Complete OMREB Stats and Statistical Graph for December 2010

Disclaimer: Monthly sales statistics are based on the sales reported by real estate offices as of the last day of the month.  As a result, there may be a delay in sales being reported or other minor adjustments in the total results at the time of this posting.

If you would like more in depth statistics or are curious about the current real estate market trends in Kelowna,BC please contact me at: (250) 808-7700 or jason.neumann@century21.ca

Learn more about my free Automatic Notification System and start your home search today!

Sincerely,

Jason Neumann

Posted via email from Jason Neumann Kelowna Realtor®

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