How is the market? Here is your May 2020 Central Okanagan Market Stats!
RESIDENTIAL
Benchmark Price – $685,900 (↑2.02%)
Avg. Days on Market – 63 (↑9.78%)
New Listings – 376 (↓21.57%)
Total Sales – 139 (↓14.27%)
Current Inventory – 1040 (↓17.39%)
Months of Inventory – 7.48
Market – Balanced Market
Benchmark prices in the residential market are up 2.02% year to date. New listings have decreased 21.57%, while total sales have also decreased 14.27%. Current inventory has decreased 17.39%. This has caused months of inventory to move to 7.48, representing a balanced market.
Months of Inventory – 7.48
Market – Balanced Market
Benchmark prices in the residential market are up 2.02% year to date. New listings have decreased 21.57%, while total sales have also decreased 14.27%. Current inventory has decreased 17.39%. This has caused months of inventory to move to 7.48, representing a balanced market.
CONDO
Benchmark Price: $370,700 (↑3.81%)
CONDO
Benchmark Price: $370,700 (↑3.81%)
Avg. Days on Market – 82 (↑3.30%)
New Listings – 178 (↓19.58%)
Total Sales –54 (↓26.91%)
Current Inventory – 615 (↓8.75%)
Months of Inventory – 11.38
Market – Buyer’s Market
Benchmark prices in the condo market are up 3.30% year to date. New listings have decreased 19.58%, while total sales have also decreased 26.91%. Current inventory has decreased 8.75%. This has caused months of inventory to move to 11.38, representing a buyer’s market.
Market – Buyer’s Market
Benchmark prices in the condo market are up 3.30% year to date. New listings have decreased 19.58%, while total sales have also decreased 26.91%. Current inventory has decreased 8.75%. This has caused months of inventory to move to 11.38, representing a buyer’s market.
TOWNHOUSES
Benchmark Price – $477,700 (↑0.62%)
Avg. Days on Market – 68 (↓7.10%)
TOWNHOUSES
Benchmark Price – $477,700 (↑0.62%)
Avg. Days on Market – 68 (↓7.10%)
New Listings – 131 (↓20.73%)
Total Sales – 54 (↓19.75%)
Current Inventory – 396 (↓11.41%)
Current Inventory – 396 (↓11.41%)
Months of Inventory – 7.33
Market – Balanced Market
Benchmark prices in the townhouse market are up 0.62% year to date. New listings have decreased 20.73%, while total sales have also decreased 19.75%. Current inventory has decreased 11.41%. This has caused months of inventory to move to 7.33, representing a balanced market.
Market – Balanced Market
Benchmark prices in the townhouse market are up 0.62% year to date. New listings have decreased 20.73%, while total sales have also decreased 19.75%. Current inventory has decreased 11.41%. This has caused months of inventory to move to 7.33, representing a balanced market.
Total listings (supply) are down 21%, while total sales (demand) is down 18%.
If you are thinking about buying or selling Real Estate in 2020/2021, let’s chat.
Kyle B. Janzen, B.Comm
t: (778) 215-2784
e: kylebjanzen@gmail.com
Total listings (supply) are down 21%, while total sales (demand) is down 18%.
If you are thinking about buying or selling Real Estate in 2020/2021, let’s chat.
Kyle B. Janzen, B.Comm
t: (778) 215-2784
e: kylebjanzen@gmail.com