Sutton Group - Lakefront Realty Ltd. Based in the Okanagan Valley, Vernon BC Canada
2749 30th Street, Vernon BC V1T 5C6
250-549-3944
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March 2012 Central Okanagan Real Estate Market Update
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Condo Apartment
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Listings Sold
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78
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New Listings
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194
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Current Inventory
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920
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Absorption Rate Sell/List
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8.48%
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Months of Inventory on Hand
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11.7948717948718
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Days to Sell (Average)
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139
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Days to Sell (Range)
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13 - 709
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Average Sale Price
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$226,365
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Median Sale Price
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$214,950
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Range of Sales Prices
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$46,000 - $975,000
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Hottest Neighbourhood
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Kelowna North
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Condo Townhouse
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Listings Sold
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38
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New Listings
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132
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Current Inventory
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515
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Absorption Rate Sell/List
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7.38%
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Months of Inventory on Hand
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13.5526315789474
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Days to Sell (Average)
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123
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Days to Sell (Range)
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8 - 483
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Average Sale Price
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$319,861
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Median Sale Price
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$324,700
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Range of Sales Prices
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$140,000 - $950,000
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Hottest Neighbourhood
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Springfield / Spall
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Building Lot
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Listings Sold
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16
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New Listings
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151
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Current Inventory
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799
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Absorption Rate Sell/List
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2%
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Months of Inventory on Hand
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49.9375
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Days to Sell (Average)
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253
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Days to Sell (Range)
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12 - 1363
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Average Sale Price
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$267,386
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Median Sale Price
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$243,840
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Range of Sales Prices
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$27,500 - $499,000
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Hottest Neighbourhood
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N Glenmore, L Mission
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Residential Homes
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Listings Sold
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167
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New Listings
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459
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Current Inventory
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1492
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Absorption Rate Sell/List
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11.19%
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Months of Inventory on Hand
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8.93413173652695
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Days to Sell (Average)
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92
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Days to Sell (Range)
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1 - 495
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Average Sale Price
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$456,568
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Median Sale Price
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$415,000
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Range of Sales Prices
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$134,000 - $5,700,000
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Hottest Neighbourhood
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Kelowna South
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Overall Ratio of Sales to Inventory: 10.15%
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