South Okanagan Monthly and Annual Real Estate Statistics December 2011 and Year to Date Market Review by Raymond MAASKE – Home Star Realty
Osoyoos was the big winner in December with reports sales (dollar value) up 933%! December 2010 there was only 1 sale, December 2011 10 sales. However, for the year Osoyoos is about even on units sold but values continued to fall.
Overall, the big winner in 2011 has been Summerland giving a strong finish to 2011 with a 200% increase in the number of units sold over December 2010. This translated into a 295% increase in dollar value of properties sold. Summerland’s average sales price per unit dropped for the year 2%, which was greatly helped by the 32% increase for December 2011 over 2010.
Penticton’s prices have risen 4% for the year while sales have dropped by about the same.
If some or all of this does NOT make sense feel free to contact me and I can explain what it means in other terms. If you want to watch the video report or a copy of the full report go to: http://www.homestarrealty.ca/MARKET_UPDATE/page_2288466.html
Have a great day and here is to a great year!
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