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North Okanagan Real Estate Market Update - March 2010 edition

By Brenda Ellis

Real Estate Agent with OkanaganRealEstateUmbrella@Sutton Group Lakefront Realty

April 06, 2010 06:36 AM

Here are the updated North Okanagan real estate statistics for March 2010. If you have been following our stats updates for awhile - you will want to note that we have made a change - we are now reporting the AVERAGE sale price. This is due to the change in the software we are using -currently the process to obtain the median price is not available without massive tech work - while we can get the average at the push of a button. - In this instance - expediency wins over what we WANT.

For more information about North Okanagan Real Estate Sales and the history of the real estate market visit our Market Wise Page

Residential
New Listings	247
Listings Sold	72
Average Price	$364,715
Range	$100,000-$875,000
Days to Sell	95
Range	-4 to 641
Inventory	727
Hottest Neighbourhood	East Hill

Condo / Apartment
New Listings	27
Listings Sold	14
Average Price	$248,333
Range	$74,000 - $595,000
Days to Sell	87
Range	15 - 381
Inventory	188
Hottest Neighbourhood	Silver Star

Condo / Townhouse
New Listings	89
Listings Sold	16
Average Price	$313,283
Range	$176,000 - $525,000
Days to Sell	81
Range	-9 to 81
Inventory	215
Hottest Neighbourhood	Okanagan Lndg / Harwood

Building Lot
New Listings	58
Listings Sold	8
Average Price	$181,120
Range	$110,000 - $390,000
Days to Sell	362
Range	70 -648
Inventory	526
Hottest Neighbourhood	Foothills