MARCH 2019
Jean and Shelly
Your Family Real Estate Team
The monthly stats are in from Mom and I via the South Okanagan Real Estate Board. These are the numbers for March 2019 as compared to March of 2018. The first quarter has had less sales than 2018 with more inventory sending us into a buyers market.
Wondering what is your home worth in today's market? Contact us for a FREE, no obligation evaluation and to hear about how our marketing strategies can work for you, or to find out the crucial information you need to know as a buyer.
- Jean and Shelly
#lovewhereyoulive
MARCH 2019
South Okanagan Real Estate Board Totals
Units Reported Sold = 142 (down 31%)
Average Sale Price = $378,338 (down 17%)
Average Days to Sell = 102 (up 9%)
Active Listings = 1713
Months of Inventory (MOI) = 12
Reported Sales Dollars Year to Date = $136,317,846 (down 44%)
Penticton Totals
Units Reported Sold = 66 (down 25%)
Average Sale Price = $404,831 (down 17%)
Average Days to Sell = 110 (up 80%)
Active Listings = 568
Months of Inventory (MOI) = 8.6
Reported Sales Dollars YTD = $65,222,008 (down 41%)
Naramata Totals
Units Reported Sold = 3 (down 25%)
Average Sale Price = $734,000 (up 108%)
Average Days to Sell = 27 (down 54%)
Active Listings = 60
Months of Inventory (MOI) = 20
Reported Sales Dollars YTD = $37,811,895 (up 14%)
Kaleden/Okanagan Falls Totals
Units Reported Sold = 4 (down 60%)
Average Sale Price $444,000 (up 6%)
Average Days to Sell = 62 (down 24%)
Active Listings = 128
Months of Inventory (MOI) = 32
Reported Sales Dollars YTD = $9,853,249(down 12%)
Oliver Totals
Units Reported Sold = 22 (down 31%)
Average Sale Price $344,095 (down 12%)
Average Days to Sell = 117 (down 23%)
Active Listings = 176
Months of Inventory (MOI) = 8
Reported Sales Dollars YTD = $13,582,583 (down 51%)
Osoyoos Totals
Units Reported Sold = 16 (down 48%)
Average Sale Price $301,931 (down 18%)
Average Days to Sell = 106 (down 9%)
Active Listings = 359
Months of Inventory (MOI) = 22
Reported Sales Dollars YTD = $14,884,900 (down 42%)
Summerland Totals
Units Reported Sold = 14 (0% change)
Average Sale Price $391,750 (down 57%)
Average Days to Sell = 71 (down 15%)
Active Listings = 175
Months of Inventory (MOI) = 12
Reported Sales Dollars YTD = $16,631,200 (down 51%)