Increased Prices, Steady Inventory and Consistant Sales Volume tell the North Okanagan Residential Real Estate Story for June 2009

Here is our preliminary North Okanagan Real Estate Market Update for the month of June, 2009. Sales were strong, and for the first time in a long time we saw and appreciable number of homes valued at over $500,000 sell. The median or middle of the market price appears to be on the rise and inventory levels are remaining stable. Click here to see our 2 year rolling recap to give you some perspective on how the market in North Okanagan Real Estate has and continues to change.

Meanwhile.. here is our Cool Little Update Electronically for the past month:
Residential

New Listings
192
Listings Sold
100
Median Price
$373,000
Range
$120,000-$1,425,000
Days to Sell
82
Range Days to sell
8 - 416
Inventory
751
Hottest Neighbourhood
Coldstream

Condo / Apartment

New Listings
25
Listings Sold
11
Median Price
$175,000
Range
$125,500 - 290,000
Days to Sell
158
Range Days to Sell
13 - 158
Inventory
154
Hottest Neighbourhood
35th Street

Condo / Townhouse

New Listings
68
Listings Sold
29
Median Price
$270,000
Range
$162,500-$565,000
Days to Sell
138
Range Days to Sell
2-502
Inventory
242
Hottest Neighbourhood
City of Vernon

Building Lot

New Listings
40
Listings Sold
8
Median Price
$152,500
Range
$125,000 - 243,400
Days to Sell
190
Range Days to Sell
0-406
Inventory
392
Hottest Neighbourhood
Foothills

We are about to embark on a neighbourhood update on what has been happening from January to June so check back soon to see how things are changing in your neighbourhood.. or the one you want to move to!
With warmest regards.
See you online,
Brell ~ Brenda Ellis REALTORwith Okanagan Heat @ Century 21 Executives Realty Ltd

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