How is the market? Here is your November 2020 Central Okanagan Market Stats!
RESIDENTIAL
Benchmark Price – $728,900 (↑5.09%)
RESIDENTIAL
Benchmark Price – $728,900 (↑5.09%)
Avg. Days on Market – 57 (↑1.66%)
New Listings – 221 (↓8.74%)
Total Sales – 291 (↑33.11%)
Current Inventory – 504 (↓43.24%)
Months of Inventory – 1.73
Market – Seller's Market
Benchmark prices in the residential market are up 5.09% year to date. New listings have increased 1.66%, while total sales have increased 33.11%. Current inventory has decreased 43.24%. This has caused months of inventory to move to 1.73, representing a seller's market.
Market – Seller's Market
Benchmark prices in the residential market are up 5.09% year to date. New listings have increased 1.66%, while total sales have increased 33.11%. Current inventory has decreased 43.24%. This has caused months of inventory to move to 1.73, representing a seller's market.
CONDO
Benchmark Price: $387,300 (↑3.73%)
CONDO
Benchmark Price: $387,300 (↑3.73%)
Avg. Days on Market – 60 (↓1.45%)
New Listings – 155 (↑6.21%)
Total Sales – 169 (↑11.20%)
Current Inventory – 460 (↑3.97%)
Months of Inventory – 2.72
Market – Seller's Market
Benchmark prices in the condo market are up 3.73% year to date. New listings have increased 6.21%, while total sales have increased 11.20%. Current inventory has increased 3.97%. This has caused months of inventory to move to 2.72, representing a seller's market.
Market – Seller's Market
Benchmark prices in the condo market are up 3.73% year to date. New listings have increased 6.21%, while total sales have increased 11.20%. Current inventory has increased 3.97%. This has caused months of inventory to move to 2.72, representing a seller's market.
TOWNHOUSES
Benchmark Price – $499,400 (↑2.19%)
TOWNHOUSES
Benchmark Price – $499,400 (↑2.19%)
Avg. Days on Market – 63 (↓3.07%)
New Listings – 121 (↓2.54%)
Total Sales – 106 (↑24.53%)
Current Inventory – 241 (↓19.93%)
Months of Inventory – 2.27
Market – Seller's Market
Benchmark prices in the townhouse market are up 2.19% year to date. New listings have decreased 2.54%, while total sales have increased 24.53%. Current inventory has decreased 19.93%. This has caused months of inventory to move to 2.27, representing a seller's market.
Market – Seller's Market
Benchmark prices in the townhouse market are up 2.19% year to date. New listings have decreased 2.54%, while total sales have increased 24.53%. Current inventory has decreased 19.93%. This has caused months of inventory to move to 2.27, representing a seller's market.
Total listings (supply) are down 5%, while total sales (demand) are up 25%.
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 5%, while total sales (demand) are up 25%.
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