Current listing inventory as of September 23,2009:

Single Family Dwellings - 2015 properties including 9 pending offers

Strata - Condos - 1159 properties including 8 pending offers

Strata - Townhomes - 480 properties including 7 pending offers

Manufactured Home - 228 including 3 pending offers

Lots/Acreages - 883 properties including 3 pending offers

Total properties for sale - 4,765 (total inventory increase of 1.47% from last month)

The hottest segment of the real estate market in the Central Okanagan are townhomes.  There were 32 sales in August of 2008 compared to 70 sales in August of 2009.  That accounts for a 94% increase in sales year over year and an absorption rate of nearly 14% of the overall townhome inventory!  Essentially, at that rate of sales there is enough supply for 6 months.  If you are considering selling your townhome, now would be a good time indeed!

There are a total of 56 foreclosures amongst the entire listing inventory.  That is an overall change of 11 listings to the total number of foreclosures from August,2009 to September,2009. 

Current foreclosures in the Central Okanagan listings represents 1.175%  of the total listing inventory! 

The breakdown is as follows:

2 Lots and Acreages ($399,000 and $590,000)

32 Single Family Residential ($250,000 to $2.295 Million)

22 Strata Properties ($189,900 to $999,000).

The biggest change to the foreclosure inventory was in strata properties.  There were 10 listings last month and now there are 22 listed.  That is a significant jump of 120% in a single month!  There are currently no pending foreclosure properties being reported.

Total Year To Date Foreclosure Sales are:

1 Lots and Acreages for $264,500

23 Single Family Residential from $214,500 to $601,500

16 Strata Properties from $132,200 to $300,000

If you would like a detailed list of current foreclosures in Kelowna and its surrounding areas please contact me at (250) 808-7700 or jason.neumann@century21.ca

Sincerely,

Jason Neumann

Facebook Page Jason Neumann

Follow me on Twitter

 

 

0 Comments on Central Okanagan Real Estate MLS Listing Inventory and Foreclosures for August 2009
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Jason_square Rainmaker_large

Jason Neumann Realtor® www.KelownaRealEstateNews.com

Kelowna, BC

More about me…

Century 21 Assurance Realty Ltd.

Address: #100 1634 Harvey Ave., Kelowna, BC, V1Y 6G2

Office Phone: (250) 869-0101 x 226

Cell Phone: (250) 808-7700

Email Me

To share ideas with other Active Rain bloggers and learn about new innovative ideas. To provide my Buyers and Sellers with the best in online marketing services in the real estate industry! Get the Jason Neumann Kelowna Real Estate Blog widget and many other great free widgets at Widgetbox! Jason Neumann

Business


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find BC real estate agents and Kelowna real estate on ActiveRain.