How is the market? Here is your August 2020 Central Okanagan Market Stats!
RESIDENTIAL
Benchmark Price – $692,800 (↑3.24%)
RESIDENTIAL
Benchmark Price – $692,800 (↑3.24%)
Avg. Days on Market – 61 (↑8.28%)
New Listings – 374 (↓12.93%)
Total Sales – 336 (↑11.92%)
Current Inventory – 961 (↓25.68%)
Months of Inventory – 3.03
Market – Seller's Market
Benchmark prices in the residential market are up 3.24% year to date. New listings have decreased 12.93%, while total sales have increased 11.92%. Current inventory has decreased 25.68%. This has caused months of inventory to move to 3.03, representing a seller's market.
Market – Seller's Market
Benchmark prices in the residential market are up 3.24% year to date. New listings have decreased 12.93%, while total sales have increased 11.92%. Current inventory has decreased 25.68%. This has caused months of inventory to move to 3.03, representing a seller's market.
CONDO
Benchmark Price: $393,600 (↑3.66%)
CONDO
Benchmark Price: $393,600 (↑3.66%)
Avg. Days on Market – 69 (↑6.08%)
New Listings – 218 (↓1.73%)
Total Sales – 146 (↓11.12%)
Current Inventory – 667 (↑11.91%)
Months of Inventory – 4.57
Market – Balanced Market
Benchmark prices in the condo market are up 3.66% year to date. New listings have decreased 1.73%, while total sales have also decreased 11.12%. Current inventory has increased 11.91%. This has caused months of inventory to move to 4.57, representing a balanced market.
Market – Balanced Market
Benchmark prices in the condo market are up 3.66% year to date. New listings have decreased 1.73%, while total sales have also decreased 11.12%. Current inventory has increased 11.91%. This has caused months of inventory to move to 4.57, representing a balanced market.
TOWNHOUSES
Benchmark Price – $478,700 (↑1.06%)
TOWNHOUSES
Benchmark Price – $478,700 (↑1.06%)
Avg. Days on Market – 70 (↑1.12%)
New Listings – 141 (↓9.28%)
Total Sales – 110 (↓0.18%)
Current Inventory – 364 (↓1.89%)
Months of Inventory – 3.31
Market – Seller's Market
Benchmark prices in the townhouse market are up 1.06% year to date. New listings have decreased 9.28%, while total sales have also decreased 0.18%. Current inventory has decreased 1.89%. This has caused months of inventory to move to 3.31, representing a seller's market.
Market – Seller's Market
Benchmark prices in the townhouse market are up 1.06% year to date. New listings have decreased 9.28%, while total sales have also decreased 0.18%. Current inventory has decreased 1.89%. This has caused months of inventory to move to 3.31, representing a seller's market.
Total listings (supply) are down 10%, while total sales (demand) are up 4%.
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 10%, while total sales (demand) are up 4%.
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