Combined Overall Residential MLS Sales Stats Show Slowdown.

Sunday, September 23, 2012

Combined Overall Residential MLS Sales Stats Show Slowdown.

September 23, 2012

Everything is down when we look at the combined Okanagan Shuswap Sales results compared to the week prior. The number of transactions decreased by 8, The average sale price fell by $27,002 and the overall volume was $6,137,240 less. Less sales and less expensive properties selling tell the tale for the week.

- look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

Okanagan Shuswap Residential MLS Properties Sold (119) Sept. 17 - 23
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$17,500	$17,000	7	1	1
	Max	$975,000	$945,000	1204	5	5	4878
	Avg	$357,475	$338,490	139	3	2	1833
	Sum	$42,539,498	$40,280,306

Big drop in the average sale price this week in the Central Okanagan - with 29 of the 71 sales under the $300,000 mark. Meanwhile only 14 were above $500,000. The number of sales was only lower by 1 property.

With a number of higher end sales in North Okanagan real estate this week, we saw the Average sale price rise to $350,968. Fewer sales occurred in this region this week. but some substantial properties sold with 5 sales over $500,000. The number of sales dropped by 6.

The number of properties sold in the Shuswap was almost unchanged from the week prior, but the average sale price dropped $71,585 this week. 8 (almost half of the total number of sales) were under $200,000.and only 1 property over $500,000 sold.

Check out more stats on last weeks residential MLS property sales on our website blog.