Central Okanagan Market for Existing Single Family Homes Continues to Find Balance in September 2017

Central Okanagan Market for Existing Single Family Homes Continues to Find Balance in September 2017

Central Okanagan Residential Real Estate Trends: September 2017

Central Okanagan sales of single family, attached-wall and apartment properties totaled 410 in September 2017, which down by -22% when compared to the same month in 2016.

By the same measure the average sale price was +11% higher (+11% year-to-date).

While strong price growth in the Central Okanagan continued to be encouraged by high sales-to-listing ratios in the market for multi-family homes (~74%), the market for single family homes was much more balanced in September 2017.

Overall, inventory levels were 18% higher than time last year thanks namely to an increase in the amount of single family homes available.

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

 


Central Okanagan Single Family Existing Home Trends September 2017

 


Central Okanagan Duplex Existing Home Trends September 2017

 


Central Okanagan Townhome Existing Home Trends September 2017

 


Central Okanagan Apartment Existing Home Trends September 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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