How is the market? Here is your September 2020 Central Okanagan Market Stats!
RESIDENTIAL
Benchmark Price – $710,700 (↑3.79%)
RESIDENTIAL
Benchmark Price – $710,700 (↑3.79%)
Avg. Days on Market – 66 (↑7.60%)
New Listings – 374 (↓10.31%)
Total Sales – 356 (↑20.56%)
Current Inventory – 961 (↓27.90%)
Months of Inventory – 2.32
Market – Seller's Market
Benchmark prices in the residential market are up 3.79% year to date. New listings have decreased 10.31%, while total sales have increased 20.56%. Current inventory has decreased 27.90%. This has caused months of inventory to move to 2.32, representing a seller's market.
Market – Seller's Market
Benchmark prices in the residential market are up 3.79% year to date. New listings have decreased 10.31%, while total sales have increased 20.56%. Current inventory has decreased 27.90%. This has caused months of inventory to move to 2.32, representing a seller's market.
CONDO
Benchmark Price: $385,000 (↑3.79%)
CONDO
Benchmark Price: $385,000 (↑3.79%)
Avg. Days on Market – 68 (↑4.18%)
New Listings – 218 (↑2.41%)
Total Sales – 170 (↓0.99%)
Current Inventory – 644 (↑6.98%)
Months of Inventory – 3.79
Market – Seller's Market
Benchmark prices in the condo market are up 3.79% year to date. New listings have increased 2.41%, while total sales have also decreased 0.99%. Current inventory has increased 6.98%. This has caused months of inventory to move to 3.79, representing a seller's market.
Market – Seller's Market
Benchmark prices in the condo market are up 3.79% year to date. New listings have increased 2.41%, while total sales have also decreased 0.99%. Current inventory has increased 6.98%. This has caused months of inventory to move to 3.79, representing a seller's market.
TOWNHOUSES
Benchmark Price – $484,500 (↑1.33%)
TOWNHOUSES
Benchmark Price – $484,500 (↑1.33%)
Avg. Days on Market – 63 (↓2.42%)
New Listings – 141 (↓7.06%)
Total Sales – 122 (↑8.19%)
Current Inventory – 327 (↓9.92%)
Months of Inventory – 2.68
Market – Seller's Market
Benchmark prices in the townhouse market are up 1.33% year to date. New listings have decreased 7.06%, while total sales have increased 8.19%. Current inventory has decreased 9.92%. This has caused months of inventory to move to 2.68, representing a seller's market.
Market – Seller's Market
Benchmark prices in the townhouse market are up 1.33% year to date. New listings have decreased 7.06%, while total sales have increased 8.19%. Current inventory has decreased 9.92%. This has caused months of inventory to move to 2.68, representing a seller's market.
Total listings (supply) are down 7%, while total sales (demand) are up 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 7%, while total sales (demand) are up 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