November 2020
Jean and Shelly
Your Family Real Estate Team
The monthly stats are in from Mom and I via SOREB. The following are the numbers for November 2020 as compared to November of 2019. It's been an incredibly daunting yet resilient year to say the least. Have a look!
South Okanagan Real Estate Board Totals
Units Reported Sold = 294 (up 92%)
Average Sale Price = $490,314 (up 10%)
Days to Sell = 102 (down 10%)
Active Listings = 1326
Months of Inventory (MOI) = 4.5
Reported Sales Dollars Year to Date = 1,257,361,464 (up 45%)
Penticton
Units Reported Sold = 118 (up 87%)
Average Sale Price = $473,767 (up 12%)
Days to Sell = 91 (up 14%)
Active Listings = 475
MOI = 4
Reported Sales Dollars YTD = $499,731,833 (up 32%)
Naramata
Units Reported Sold = 9 (up 80%)
Average Sale Price = $595,989 (down 2%)
Days to Sell = 102 (down 18%)
Active Listings = 47
MOI = 5
Reported Sales Dollars YTD = $57,647,724 (up 104%)
Summerland
Units Reported Sold = 35 (up 169%)
Average Sale Price = $582,028 (down 4%)
Days to Sell = 59 (down 50%)
Active Listings = 111
MOI = 3
Reported Sales Dollars YTD = $189,484,766 (up 35%)
Kaleden/Okangan Falls
Units Reported Sold = 19 (up 111%)
Average Sale Price = $553,968 (down 17%)
Days to Sell = 88 (down 37%)
Active Listings = 91
MOI = 4.5
Reported Sales Dollars YTD = $100,934,947 (up 65%)
Oliver
Units Reported Sold = 30 (up 88%)
Average Sale Price = $381,123 (down 33%)
Days to Sell = 119 (down 14%)
Active Listings = 122
MOI = 4
Reported Sales Dollars YTD = $125,721,492 (up 69%)
Osoyoos
Units Reported Sold = 44 (up 100%)
Average Sale Price = $508,361 (up 91%)
Days to Sell = 153 (down 16%)
Active Listings = 306
MOI = 7
Reported Sales Dollars YTD = $171,615,400 (up 70%)
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 or seller in today's market.
- Jean and Shelly
#yourpentictonrealtors