How is the market? Here is your June 2020 Central Okanagan Market Stats!
RESIDENTIAL
Benchmark Price – $684,000 (↑2.37%)
RESIDENTIAL
Benchmark Price – $684,000 (↑2.37%)
Avg. Days on Market – 61 (↑10.58%)
New Listings – 476 (↓17.47%)
Total Sales – 261 (↓6.35%)
Current Inventory – 1070 (↓18.26%)
Months of Inventory – 4.10
Market – Balanced Market
Benchmark prices in the residential market are up 2.37% year to date. New listings have decreased 17.47%, while total sales have also decreased 6.35%. Current inventory has decreased 18.26%. This has caused months of inventory to move to 4.10, representing a balanced market.
Market – Balanced Market
Benchmark prices in the residential market are up 2.37% year to date. New listings have decreased 17.47%, while total sales have also decreased 6.35%. Current inventory has decreased 18.26%. This has caused months of inventory to move to 4.10, representing a balanced market.
CONDO
Benchmark Price: $384,400 (↑3.62%)
CONDO
Benchmark Price: $384,400 (↑3.62%)
Avg. Days on Market – 63 (↑4.76%)
New Listings – 279 (↓10.60%)
Total Sales – 97 (↓22.90%)
Current Inventory – 702 (↑3.85%)
Months of Inventory – 7.24
Market – Balanced Market
Benchmark prices in the condo market are up 3.62% year to date. New listings have decreased 10.60%, while total sales have also decreased 22.90%. Current inventory has increased 3.85%. This has caused months of inventory to move to 7.24, representing a balanced market.
Market – Balanced Market
Benchmark prices in the condo market are up 3.62% year to date. New listings have decreased 10.60%, while total sales have also decreased 22.90%. Current inventory has increased 3.85%. This has caused months of inventory to move to 7.24, representing a balanced market.
TOWNHOUSES
Benchmark Price – $477,200 (↑0.85%)
Avg. Days on Market – 73 (↓0.57%)
TOWNHOUSES
Benchmark Price – $477,200 (↑0.85%)
Avg. Days on Market – 73 (↓0.57%)
New Listings – 151 (↓17.38%)
Total Sales – 77 (↓16.54%)
Current Inventory – 408 (↓4.0%)
Months of Inventory – 5.29
Market – Balanced Market
Benchmark prices in the townhouse market are up 0.85% year to date. New listings have decreased 17.38%, while total sales have also decreased 16.54%. Current inventory has decreased 4%. This has caused months of inventory to move to 5.29, representing a balanced market.
Market – Balanced Market
Benchmark prices in the townhouse market are up 0.85% year to date. New listings have decreased 17.38%, while total sales have also decreased 16.54%. Current inventory has decreased 4%. This has caused months of inventory to move to 5.29, representing a balanced market.
Total listings (supply) are down 17%, while total sales (demand) are down 13%.
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 17%, while total sales (demand) are down 13%.
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