North Okanagan Residential Prices See Average Annual Increase of 5% in the First Half of 2017

North Okanagan Residential Prices See Average Annual Increase of 5% in the First Half of 2017

North Okanagan Residential Real Estate Trends: June 2017

North Okagan sales of single family, attached-wall and apartment properties totaled 228 in June 2017, down -9.2% from the same month in 2016. By the same measure the average sale price was +8.0% higher (+5.0% year-to-date) reflecting higher sales-to-new listing ratios (measuring 74% in June 2017) and lower inventory levels (-16.3%) in general. That being said, annual inventory level differentials (averaging -31.1% year-to-date) have been shrinking continuously throughout the year which should eventually relive some of the North’s upward price pressures.

To view specific trends by property types see the slide shows below:

 

 

North Okanagan Single Family Existing Home Trends June 2017

 

North Okanagan Duplex Existing Home Trends June 2017

 

North Okanagan Townhome Existing Home Trends June 2017

 

North Okanagan Apartment Existing Home Trends June 2017

 

Disclaimer: Although the data analyzed have been produced and processed from sources believed to be reliable, no warranty expressed or implied is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of this articles information.

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