Thursday, March 3, 2011

Market Update: February 2011 in the North Okanagan. Real Estate Stats

The Okanagan Mainline Real Estate Board has posted its stats for the February 2011 market  and we've pulled more data to bring you the following update - a clue to what is happening in North Okanagan Real Estate:

NORTH Okanagan Real Estate Market Update for February 2011

Condo / Apartment

 

Listings Sold

17

New Listings

15

Current Inventory

185

Absorption Rate

9.19%

Days to Sell

106

Range

48-287

Average Price

$!68,735

Median Price

$165,000

Range

$165,000 - $210,000

Hottest Neighbourhood

The Mara

 

Condo / Townhouse

 

Listings Sold

15

New Listings

40

Current Inventory

196

Absorption Rate

7.65%

Days to Sell

101

Range

18 - 228

Average Price

$210,060

Median Price

$190,000

Range

$110,000 - $327,500

Hottest Neighbourhood

Thorncliff Village

 

Building Lot

 

Listings Sold

12

New Listings

52

Current Inventory

283

Absorption Rate

4.24%

Days to Sell

327

Range

11 - 691

Average Price

$183,317

Median Price

$157,000

Range

$78,000 - $370,000

Hottest Neighbourhood

Lumby Valley

 

Residential

 

Listings Sold

35

New Listings

162

Current Inventory

618

Absorption Rate

5.66%

Days to Sell

119

Range

6 - 319

Average Price

$330.946

Median Price

$325,00

Range

$175,000 - $575,000

Hottest Neighbourhood

Alexis Park

Overall Residential Sales vs Inventory =6.16%

Brell 

Brenda Ellis

REALTOR®

Sutton Group - Lakefront Realty

2749 30 Street, Vernon, BC, V1T 5C6

A growing team, a different approach

...we are better together!

 

 

250-308-4310 (voice/text)

250-549-3944 (office)

 

 

Posted via email from brell's posterous

No comments: