How is the market? Here is your July 2020 Central Okanagan Market Stats!
RESIDENTIAL
Benchmark Price – $697,700 (↑2.92%)
RESIDENTIAL
Benchmark Price – $697,700 (↑2.92%)
Avg. Days on Market – 65 (↑9.69%)
New Listings – 479 (↓13.21%)
Total Sales – 336 (↑3.73%)
Current Inventory – 1055 (↓18.97%)
Months of Inventory – 3.14
Market – Seller's Market
Benchmark prices in the residential market are up 2.92% year to date. New listings have decreased 13.21%, while total sales have increased 3.73%. Current inventory has decreased 18.97%. This has caused months of inventory to move to 3.14, representing a balanced market.
Market – Seller's Market
Benchmark prices in the residential market are up 2.92% year to date. New listings have decreased 13.21%, while total sales have increased 3.73%. Current inventory has decreased 18.97%. This has caused months of inventory to move to 3.14, representing a balanced market.
CONDO
Benchmark Price: $383,200 (↑3.44%)
CONDO
Benchmark Price: $383,200 (↑3.44%)
Avg. Days on Market – 63 (↑8.87%)
New Listings – 271 (↓3.65%)
Total Sales – 150 (↓16.16%)
Current Inventory – 707 (↑10.47%)
Months of Inventory – 4.71
Market – Balanced Market
Benchmark prices in the condo market are up 3.44% year to date. New listings have decreased 3.65%, while total sales have also decreased 16.16%. Current inventory has increased 10.47%. This has caused months of inventory to move to 4.71, representing a balanced market.
Market – Balanced Market
Benchmark prices in the condo market are up 3.44% year to date. New listings have decreased 3.65%, while total sales have also decreased 16.16%. Current inventory has increased 10.47%. This has caused months of inventory to move to 4.71, representing a balanced market.
TOWNHOUSES
Benchmark Price – $472,800 (↑0.88%)
Avg. Days on Market – 81 (↓1.34%)
TOWNHOUSES
Benchmark Price – $472,800 (↑0.88%)
Avg. Days on Market – 81 (↓1.34%)
New Listings – 151 (↓12.12%)
Total Sales – 123 (↓6.56%)
Current Inventory – 383 (↓0.52%)
Months of Inventory – 3.11
Market – Seller's Market
Benchmark prices in the townhouse market are up 0.88% year to date. New listings have decreased 12.12%, while total sales have also decreased 6.56%. Current inventory has decreased 0.52%. This has caused months of inventory to move to 3.11, representing a seller's market.
Market – Seller's Market
Benchmark prices in the townhouse market are up 0.88% year to date. New listings have decreased 12.12%, while total sales have also decreased 6.56%. Current inventory has decreased 0.52%. This has caused months of inventory to move to 3.11, representing a seller's market.
Total listings (supply) are down 11%, while total sales (demand) are down 3%.
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 11%, while total sales (demand) are down 3%.
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