North Okanagan Home Prices Grow 7.4% in Despite a -3.1% Drop in Overall Sale Volumes in 2017

North Okanagan Home Prices Grow 7.4% in Despite a -3.1% Drop in Overall Sale Volumes in 2017

North Okanagan Residential Real Estate Trends: YEAR END 2017

 

North Okanagan sales of single family, attached-wall and apartment properties totaled 92 units in December 2017, which was equal to sales volumes in December 2016. Notably, new listings were also equal by the same comparison amidst a sales-to-listing ratio that equaled 124%.

Overall, the average sale price was +13% higher in December 2017 (+7.4% year to date) by comparison to December 2016 while inventory levels remained lower by -17%.

In total, 2017 saw the collective average residential sale price of single family, attached-wall and apartment properties grew by 7.4% across in North Okanagan despite a -3.1% drop in overall sales volumes; a testament to just how tight sales-to-listing conditions have recently been in the region.

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

 

North Okanagan Existing Home Trends by Product Type December 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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