Happy Vernon Winter Carnival Friday!!
Before we jump right in to the stats – I wanted to invite you to take a look at my Blog as I have been posting individual stat reports by neighbourhood. This is a work in progress – as you can imagine, with 31 sub areas to generate reports on.
At the time of writing, I have posted for :
I also have been working on sections of my site devoted to the major activity area of North Okanagan Real Estate such as Coldstream and East Hill.
One last item. I would like to invite you to a Career and Business Development Open House if you happen to be in town on February 17. More details here.
The statistics have been released by the Okanagan Mainline Real Estate Board for the month of January 2011 in the North Okanagan Zone. You can find more detailed information on the properties that sold by visiting our North Okanagan Market Stats Page. Here is an overview of how things looked:
NORTH Okanagan Real Estate Market Update for January 2011
Condo / Apartment | |
Listings Sold | 5 |
New Listings | 37 |
Current Inventory | 197 |
Absorption Rate | 2.54 |
Days to Sell | 151 |
Range | 57 - 353 |
Average Price | $230,100 |
Median Price | $211,500 |
Range | $102,000 - $350,000 |
Hottest Neighbourhood | The Mara |
Condo / Townhouse | |
Listings Sold | 9 |
New Listings | 35 |
Current Inventory | 188 |
Absorption Rate | 4.79 |
Days to Sell | 91 |
Range | -4 to 234 |
Average Price | $259,000 |
Median Price | $265,000 |
Range | $163,000 - $353,000 |
Hottest Neighbourhood | Okanagan Landing |
Building Lot | |
Listings Sold | 9 |
New Listings | 30 |
Current Inventory | 133 |
Absorption Rate | 6.77 |
Days to Sell | 549 |
Range | 85 - 1094 |
Average Price | $229,011 |
Median Price | $175,100 |
Range | $107,000 - $229,011 |
Hottest Neighbourhood | Coldstream |
7 of 9 sales were of acreages.
Residential | |
Listings Sold | 36 |
New Listings | 110 |
Current Inventory | 548 |
Absorption Rate | 6.57 |
Days to Sell | 136 |
Range | 3 - 348 |
Average Price | $366,542 |
Median Price | $327,500 |
Range | $155,000 - $3,100,000 |
Hottest Neighbourhood | Armstrong Spallumcheen |
Overall Sales vs Inventory =5.53%
For a look at how this month's report compared to other reports click here for a CLUE.
Check out our Featured Properties for sale.
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2
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