Central Okanagan Home Sales See Unseasonal Jump in October Lead by Single Family Homes

Central Okanagan Home Sales See Unseasonal Jump in October Lead by Single Family Homes

Central Okanagan Residential Real Estate Trends: October 2017

Central Okanagan sales of single family, attached-wall and apartment properties totaled 419 units in October 2017, which was down by -6% when compared to the same month in 2016, but higher by comparison to September 2017.

This unseasonal jump is sales was lead by a month-to-month increase in the number of single family homes that sold in October. Notably, the sales-to-listing ratio for single family homes in October 2017 was the highest for the year-to-date.

Overall, the average sale price was +12% higher in October 2017 by comparison to October 2016 (+12% year-to-date) amidst inventory levels that were 19% higher by the same measure.

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

 

Central Okanagan Existing Home Trends by Product Type October2017


 

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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