How is the market? Here is your May 2020 Central Okanagan Market Stats!
RESIDENTIAL
Benchmark Price – $678,300 (↑1.42%)
RESIDENTIAL
Benchmark Price – $678,300 (↑1.42%)
Avg. Days on Market – 61 (↑7.17%)
New Listings – 265 (↓19.19%)
Total Sales – 102 (↓1.53%)
Current Inventory – 941 (↓18.39%)
Months of Inventory – 9.23
Market – Buyer's Market
Benchmark prices in the residential market are up 1.42% year to date. New listings have decreased 19.19%, while total sales have also decreased 1.53%. Current inventory has decreased 18.39%. This has caused months of inventory to move to 9.23, representing a buyer's market.
Months of Inventory – 9.23
Market – Buyer's Market
Benchmark prices in the residential market are up 1.42% year to date. New listings have decreased 19.19%, while total sales have also decreased 1.53%. Current inventory has decreased 18.39%. This has caused months of inventory to move to 9.23, representing a buyer's market.
CONDO
Benchmark Price: $386,200 (↑5.01%)
CONDO
Benchmark Price: $386,200 (↑5.01%)
Avg. Days on Market – 59 (↑7.49%)
New Listings – 116 (↓14.90%)
Total Sales – 37 (↓16.42%)
Current Inventory – 571 (↓761%)
Months of Inventory – 15.43
Market – Buyer’s Market
Benchmark prices in the condo market are up 5.01% year to date. New listings have decreased 14.90%, while total sales have also decreased 16.42%. Current inventory has decreased 7.61%. This has caused months of inventory to move to 15.43, representing a buyer’s market.
Market – Buyer’s Market
Benchmark prices in the condo market are up 5.01% year to date. New listings have decreased 14.90%, while total sales have also decreased 16.42%. Current inventory has decreased 7.61%. This has caused months of inventory to move to 15.43, representing a buyer’s market.
TOWNHOUSES
Benchmark Price – $476,900 (↑0.25%)
Avg. Days on Market – 57 (↓13.37%)
TOWNHOUSES
Benchmark Price – $476,900 (↑0.25%)
Avg. Days on Market – 57 (↓13.37%)
New Listings – 100 (↓17.31%)
Total Sales – 40 (↓9.42%)
Current Inventory – 363 (↓16.17%)
Months of Inventory – 9.08
Market – Buyer's Market
Benchmark prices in the townhouse market are up 0.25% year to date. New listings have decreased 17.31%, while total sales have also decreased 9.42%. Current inventory has decreased 16.17%. This has caused months of inventory to move to 9.08, representing a buyer's market.
Market – Buyer's Market
Benchmark prices in the townhouse market are up 0.25% year to date. New listings have decreased 17.31%, while total sales have also decreased 9.42%. Current inventory has decreased 16.17%. This has caused months of inventory to move to 9.08, representing a buyer's market.
Total listings (supply) are down 19%, while total sales (demand) are down 9%.
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 19%, while total sales (demand) are down 9%.
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