Market Update: North Okanagan Real Estate July 2010 edition

By
Real Estate Agent with OkanaganRealEstateUmbrella@Sutton Group Lakefront Realty

Here are the numbers - and unless you are a Buyer these are not too pretty or encouraging.  Feel free to contact us for more specific details  or visit our North Okanagan Real Estate Stats Page to access reports on sold properties.

 

Condo / Apartment

  

Listings Sold

9

New Listings

19

Current Inventory

225

Sell/Inv ratio

4.00%

Days to Sell

137

Range of days to sell

33 - 328

Average Price

$170,111

Median Price

$155,000

Range

$130,000-$225,000

Hottest Neighbourhood

City of Vernon

 

Condo / Townhouse

  

Listings Sold

16

New Listings

43

Current Inventory

245

Sell/Inv ratio

6.53%

Days to Sell

117

Range of days to sell

9 - 430

Average Price

$270,778

Median Price

$287,175

Range

$124,500 - $500,000

Hottest Neighbourhood

East Hill

 

Building Lot

  

Listings Sold

1

New Listings

66

Current Inventory

180

Sell/Inv ratio

.56%

Days to Sell

378

Range of days to sell

0

Average Price

$203,500

Median Price

$203,500

Range

0

Hottest Neighbourhood

Trinity Valley

 

Residential

  

Listings Sold

49

New Listings

152

Current Inventory

838

Sell/Inv ratio

5.85%

Days to Sell

113

Range of days to sell

6 - 541

Average Price

$373,854

Median Price

$340,000

Range

$72,000 - $2,100,000

Hottest Neighbourhood

Armstrong BC

 

 

See you online,

 Brell ~ Brenda Ellis REALTOR ®

Your Okanagan Real Estate Umbrella

 with  Century 21 Executives Realty Ltd 

 

 

 (250)549-2103 Office Reception

1-877-227-4073 Toll Free

 

(250)308-4310 SMS

Century 21 Executives Realty Ltd.

2907 - 32nd St.

Vernon, BC  V1T 5M2

 

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Rainmaker
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Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

A very detailed presentation on activity in your market area!

Aug 05, 2010 04:16 AM #1
Rainmaker
332,309
Vick The Realtor .
Olympus Executive Realty INC. - Orlando, FL

Thank you for the update in your area

Wishing you the best on future sales!

Aug 05, 2010 06:56 AM #2
Rainer
36,082
Brenda Ellis
OkanaganRealEstateUmbrella@Sutton Group Lakefront Realty - Vernon, BC

Thank you Anthony and Vick! how are things in your markets? I fear we are in for quite a slow down as we head into the fall / winter with a high inventory level

Aug 11, 2010 02:57 AM #3
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Rainer
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Brenda Ellis

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