A Look at This Week In North Okanagan Real Estate in Perspective.. 2000-2009

I just ran the report for single family dwelling sold in February of 2008, and the Median Sale Price was $374,000 -Leading me yet again to think of that episode of Dallas ( Yes - I know this dates me) where Pam woke up and Bobby was in the shower, and the whole season before had just been a dream.....

I wanted to share a chart that shows the comparison between the number of properties being activated and the number of properties being sold now that I have several weeks of data - it makes for a more interesting chart.




It is really good to see the number of sales inching closer to the number of activations! This past week was the busiest so far this year for Single Family Dwelling sales - at 10 and the second lowest listing week for this market type with only 23 new activations.


In 2008, 26 new activations took place between Feb. 14 and Feb 20 and 13 properties sold.
Lets look back to see what the years previous showed at this point in time:
In 2007, 35 new activations and 24 sold with the average price per square foot of finished floor area being $197.09 In 2009 the average price per square foot of finished floor area was $190.06. I t is important to keep in mind that looking at the average does not mean we are comparing apples to apples...
In 2006, 36 activations and 28 sold
In 2005, 27 activations and 29 sold - of the 29 sold, over half had been on the market for 31 days or less - compared to this year where 6 of the 10 sales had been on the market for more that 100 days and only 2 sold within the first month.
In 2004, 42 activations and 18 sold
In 2003, 27 activations and 20 sold
In 2002, 23 activations and 18 sold
In 2001, 22 activations and 9 sold
In 2000 only 8 activations and 9 sold.
The median sale price for these 9 properties was $139,900 - compared to the median in 2009 of $374,750 which brings me back to that episode of Dallas....