Central Okanagan Residential Inventory Levels Continue to Grow Slightly in July 2017

Central Okanagan Residential Inventory Levels Continue to Grow Slightly in July 2017

Central Okanagan Residential Real Estate Trends: July 2017

Central Okanagan sales of single family, attached-wall and apartment properties totaled 561 in July 2017, down -7.9% from the same month in 2016. By the same measure the average residential sale price was +7.0% higher (+11.0% year-to-date). In spite of a strong sales-to-new listing ratio in July (69%) overall inventory levels remained steady, and higher than they have been in over 14 months (up 14.3% from July 2016). Should these higher inventory levels can persist against a typical seasonal decline in sales activity housing price growth across the Okanagan should began to sustain in the coming months.

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

 

 


Central Okanagan Single Family Existing Home Trends July 2017

 


Central Okanagan Duplex Existing Home Trends July 2017

 


Central Okanagan Townhome Existing Home Trends July 2017

 


Central Okanagan Apartment Existing Home Trends July 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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