central okanagan market statistics: Kelowna and Central Okanagan Foreclosure Stats December 2010 - January 2011 - 01/16/11 11:30 PM
There are currently 98 active foreclosures (as of January 15,2011) amongst the entire listing inventory for the Central Okanagan.  There are 3,623 active listings this month (including the 98 foreclosure properties) versus 3,863 listings last month, a 6.62% drop in inventory level.
Active Foreclosure Inventory breakdown:
7 Lots and Acreages (Ranging in value from $95,000 to $995,000)
6 Manufactured Home (Ranging in value from $69,800 to $162,900)
23 Strata Properties (Ranging in value from $139,000 to $2.99 Million)
52 Single Family Residential (Ranging in value from $189,900 to $3.30 Million)
There were a total of 13 foreclosure sales in December 2010.  Here's the breakdown:  There was one condo sold at $180,500, two townhomes $177,500 and $645,000, one manufactured home at $88,000, one … (0 comments)

central okanagan market statistics: Kelowna and Central Okanagan December 2010 Stats - 01/16/11 11:23 PM
Ratio of Sales vs. Total Inventory = 5.43%
Condo -- Sales = 44
Condo -- New Listings  = 166
Condo -- Current Inventory = 884
Condo -- Sell/Inv. Ratio = 4.98%
Condo -- Days to Sell = 119
Average Price: $237,066
Average Median Price: $217,450
 
Townhouse -- Sales = 21
Townhouse -- New Listings = 85
Townhouse -- Current Inventory = 440
Townhouse -- Sell/Inv. Ratio = 4.77%
Townhouse -- Days to Sell = 118
Average Price: $313,600
Average Median Price: $303,000
 
Lots -- Sales = 7
Lots -- New Listings = 47
Lots -- Current Inventory = 578
Lots -- Sell/Inv. Ratio = 1.21%
Lots -- … (0 comments)

central okanagan market statistics: Kelowna and Central Okanagan Foreclosure Stats for October/November 2010 - 11/15/10 03:16 AM
There are currently 104 active foreclosures (as of November 14,2010) amongst the entire listing inventory for the Central Okanagan.  There are 4,307 current active listings reporting at this time including the 104 foreclosure properties.
Foreclosure Inventory breakdown:
8 Lots and Acreages (Ranging in value from $95,000 to $1.75 Million)
3 Manufactured Home (Ranging in value from $69,800 to $125,000)
36 Strata Properties (Ranging in value from $139,000 to $2.99 Million)
57 Single Family Residential (Ranging in value from $189,900 to $3.69 Million)
There were a total of 8 foreclosure sales in October 2010.  Of the eight sales three were residential homes that sold between $215,000 and $422,500.  There were three condos sold between $152,500 and $248,000, one townhome sold for … (2 comments)

central okanagan market statistics: Kelowna and Central Okanagan October 2010 Stats - 11/14/10 03:11 AM
Ratio of Sales vs. Total Inventory = 6.31%
Condo -- Sales = 44
Condo -- New Listings  = 134
Condo -- Current Inventory = 921
Condo -- Sell/Inv. Ratio = 4.78%
Condo -- Days to Sell = 128
Average Price: $244,118
Average Median Price: $216,250
 
Townhouse -- Sales = 32
Townhouse -- New Listings = 79
Townhouse -- Current Inventory = 456
Townhouse -- Sell/Inv. Ratio = 7.02%
Townhouse -- Days to Sell = 89
Average Price: $316,619
Average Median Price: $315,000
 
Lots -- Sales = 10
Lots -- New Listings = 102
Lots -- Current Inventory = 596
Lots -- Sell/Inv. Ratio = 1.68%
Lots -- … (2 comments)

central okanagan market statistics: Kelowna and Central Okanagan Real Estate Sales Review for May 2010 - 06/23/10 06:37 PM
Inventory levels continue to rise in the Central Okanagan real estate market.  The inventory level increases for each month from 2009 to 2010 are as follows: 
January 2010 = 15.50%  February 2010 = 23.65%  March 2010 = 27.29% 
April 2010 = 16.68%  May 2010 = 9.61%
If new listings coming onto the market continue to increase with slower overall sales, we could see another market correction and some downward pressure on pricing.  The simple law of supply and demand could mean that buyers will see their investment dollars stretch a little bit further than they did one year ago.  The month of June has seen several properties reduce their list prices … (0 comments)

central okanagan market statistics: June 2010 Real Estate Market Review of Central Okanagan MLS Listing Inventory - 06/23/10 06:25 PM
Current Active Central Okanagan MLS Listing Inventory as of June 22,2010:
Single Family Dwellings - 2354 properties including 8 pending offers ranging in value from $267,900 to $774,900  
Strata - Condos - 1201 properties with 2 pending offers of $229,900 and $399,900 respectively
Strata - Townhomes - 563 properties with no pending offers at this time
Manufactured Homes - 233 properties with no pending offers at this time
Timeshare/Recreation - 37 properties with no pending offers at this time
Lots/Acreages - 835 properties with no pending offers at this time
Total properties for sale - 5223 Current Listing Inventory
There has also been a recent trend in the last month of higher than normal demand on brand new vacant product.  This sudden surge of new … (0 comments)

central okanagan market statistics: Central Okanagan MLS Listing Inventory and Sales for February 2010 - 03/28/10 05:59 PM
Current Active Central Okanagan MLS Listing Inventory as of March 28,2010:
Single Family Dwellings - 1916 properties (393 more properties or a 25.80% increase from February) including 11 pending offers ranging in value from $348,800 to $649,000  
Strata - Condos - 1088 properties (157 more properties or a 16.86% increase from February) with 2 pending offers ranging from $129,800 to $264,800
Strata - Townhomes - 459 properties (90 more properties or a 24.39% increase from February) with 5 pending offer ranging in value from $234,800 to $398,900
Manufactured Homes - 222 properties (14 more properties or a 6.73% increase from February) with 3 pending offers ranging in value from $39,800 to $115,000
Timeshare/Recreation - 39 properties with no pending … (0 comments)

central okanagan market statistics: Central Okanagan Foreclosure Listing Information for March 2010 - 03/23/10 03:37 PM
There are currently 64 foreclosures (as of March 22,2010) amongst the entire listing inventory for the Central Okanagan.  That is a increase of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
1 Manufactured Homes ($125,000) with no pending sale
35 Single Family Residential ($258,900 to $1.559 Million) with one pending sale
26 Strata Properties ($179,900 to $599,000) with no pending sales
In terms of February 2010 foreclosure sales there were a total of 13 or an increase of 6 properties over January 2010.  The manufactured home segment of the market saw a single sale in Lakeview Heights for $75,000 after … (0 comments)

central okanagan market statistics: Kelowna,BC - Central Okanagan January 2010 Sales Report - 02/12/10 05:19 PM
Current Active Central Okanagan MLS Listing Inventory as of February 8,2010:
Single Family Dwellings - 1523 properties (a 15.12% increase from January) including 17 pending offers ranging in value from $284,900 to $999,000  
Strata - Condos - 931 properties (a 1.48% decrease from January) with 1 pending offer at $174,800
Strata - Townhomes - 369 properties (a 16.04% increase from January) with 3 pending offer ranging in value from $287,500 to $349,900
Manufactured Homes - 208 properties (a 16.85% increase from January) with 3 pending offers ranging in value from $39,800 to $229,000
Timeshare/Recreation - 36 properties with no pending offers at this time
Lots/Acreages - 666 properties(a 9.72% increase from January) with 2 pending offers on a $179,900 and a $2.195M listing
Total … (2 comments)

central okanagan market statistics: Kelowna,BC and Central Okanagan Updated Foreclosure Listing Information for February 2010 - 02/08/10 03:02 PM
There are currently 61 foreclosures (as of February 8,2010) amongst the entire listing inventory for the Central Okanagan.  That is a decrease of 14 properties (-22.95%) in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
2 Manufactured Homes ($79,000 and $125,000) with no pending sales
31 Single Family Residential ($199,900 to $1.995 Million) with two pending sales
26 Strata Properties ($179,900 to $570,000) with no pending sales
In terms of January 2010 foreclosure sales there were a total of just 7 or a decrease of 10 properties from December 2009.  There were 6 sales of single family residential homes ranging in value … (0 comments)

central okanagan market statistics: Kelowna,BC Central Okanagan Current MLS Listing Inventory and Sales for December 2009 - 01/16/10 11:42 PM
Current Active Central Okanagan MLS Listing Inventory as of January 10,2010:
Single Family Dwellings - 1323 properties (a 12.17% decrease from December) including 12 pending offers ranging in value from $49,900 to $15.9M   
Strata - Condos - 945 properties (a 11.96% decrease from December) with no pending offers ranging in value from $62,400 to $4.99M
Strata - Townhomes - 318 properties (a 14.47% decrease from December) with 1 pending offer ranging in value from $134,900 to $1.624M
Manufactured Homes - 178 properties (a 12.36% decrease from December) with no pending offers ranging in value from $28,000 to $350,000
Lots/Acreages - 607 properties(a 19.44% decrease from December) with 4 pending offers ranging in value from $65,000 to $15.9M
Total properties for sale - 3,371 … (0 comments)

central okanagan market statistics: Kelowna,BC and Central Okanagan Foreclosure Listing Information for January 2010 - 01/10/10 01:09 PM
There are currently 75 foreclosures (as of January 10,2010) amongst the entire listing inventory for the Central Okanagan.  There was a slight decrease of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
4 Lots and Acreages ($115,000 to $590,000) with no pending sales.
32 Single Family Residential ($199,000 to $1.995 Million) with one pending sale.
38 Strata Properties ($179,900 to $899,900) with no pending sales.
In terms of December foreclosure sales there were a total of 17 for the month.  There were just 5 residential home sales versus 12 the prior month ranging in value from $340,500 to $499,000 with an overall average days on … (2 comments)

central okanagan market statistics: Kelowna,BC and Central Okanagan Updated Foreclosure Listing Information for December 2009 - 12/14/09 10:38 PM
There are a total of 78 foreclosures amongst the entire listing inventory.  There continues to be a trend of month to month increases in inventory levels of homes that are now in the foreclosure process.
The breakdown is as follows:
3 Lots and Acreages ($115,000 and $590,000) no pending sales.
39 Single Family Residential ($199,900 to $1.995 Million) no pending sales.
35 Strata Properties ($229,900 to $999,000) one sale is pending.
There were some more dramatic changes to the Central Okanagan foreclosure inventory this past month.  The month of November and now December saw a fairly substantial increase in stratified properties hitting the marketplace.  There are now 35 strata foreclosure properties whereas in October there … (0 comments)

central okanagan market statistics: Kelowna,BC and Central Okanagan Foreclosure Listing Information for October 2009 - 11/09/09 12:15 AM
There are a total of 63 foreclosures amongst the entire listing inventory.  That is an overall change of 4 listings to the overall inventory from October,2009 to November,2009. 
Current foreclosures of all Central Okanagan listings represent 1.53% of the total listing inventory! 
The breakdown is as follows:
3 Lots and Acreages ($115,000 and $590,000) plus one pending sale
41 Single Family Residential ($250,000 to $2.295 Million) plus one pending sale
17 Strata Properties ($229,900 to $999,000)
There were some dramatic changes to the Central Okanagan foreclosure inventory this past month.  There are eleven more residential homes on the market over September, which is a 36.67% increase!  Strata based properties saw the reverse with a -29.4% decrease … (2 comments)

central okanagan market statistics: Central Okanagan Real Estate Market Analysis for September 2009 - 10/13/09 03:11 PM
Current listing inventory as of October 13,2009:
Single Family Dwellings - 1858 properties including 12 pending offers
Strata - Condos - 1107 properties including 7 pending offers
Strata - Townhomes - 463 properties including 4 pending offers
Manufactured Home - 224 including 1 pending offer
Lots/Acreages - 852 properties including 3 pending offers
Total properties for sale - 4,765 (total inventory decrease of 5.79% from last month's report)
The real estate market in the Central Okanagan continues to show signs of growth with the overall absorption rate for all listed properties increasing to 7.59% or a 13 month supply.
The hottest segment of the real estate market in the Central Okanagan continues to be townhomes.  There were 28 sales in September of 2008 compared to 62 sales … (0 comments)

central okanagan market statistics: Central Okanagan Real Estate MLS Listing Inventory and Foreclosures for August 2009 - 09/23/09 11:32 PM
Current listing inventory as of September 23,2009:
Single Family Dwellings - 2015 properties including 9 pending offers
Strata - Condos - 1159 properties including 8 pending offers
Strata - Townhomes - 480 properties including 7 pending offers
Manufactured Home - 228 including 3 pending offers
Lots/Acreages - 883 properties including 3 pending offers
Total properties for sale - 4,765 (total inventory increase of 1.47% from last month)
The hottest segment of the real estate market in the Central Okanagan are townhomes.  There were 32 sales in August of 2008 compared to 70 sales in August of 2009.  That accounts for a 94% increase in sales year over year and an absorption rate of nearly 14% of the overall townhome inventory!  Essentially, at that rate … (0 comments)

central okanagan market statistics: Okanagan Foreclosure Properties and MLS Listing Inventories for August 2009 - 08/29/09 01:15 AM
Current listing inventory as of August 28,2009:
Single Family Dwellings - 2091 properties including 12 pending offers
Strata - Condos - 1073 properties including 3 pending offers
Strata - Townhomes - 505 properties including 8 pending offers
Manufactured Home - 229 including 1 pending offers
Lots/Acreages - 937 properties including 4 pending offers
Total properties for sale - 4,835 (total inventory increase of 0.62% from last month)
There are a total of 45 foreclosures amongst the entire listing inventory.  That is an overall change of one listing to the total number of foreclosures from July/09 to August/09. 
Current foreclosures in the Central Okanagan listings represents 0.9%  of the total listing inventory! 
The breakdown is as follows:
2 Lots and Acreages ($445,000 and $590,000)
32 Single Family Residential … (0 comments)

central okanagan market statistics: Kelowna Foreclosure Properties and Listing Inventory for July 2009 - 07/27/09 03:59 PM
Current listing inventory as of July 27,2009:
Single Family Dwellings - 2113 properties including 8 pending offers
Strata - Condos - 1035 properties including 3 pending offers
Strata - Townhomes - 533 properties including 6 pending offers
Manufactured Home - 236 including 0 pending offers
Lots/Acreages - 915 properties including 5 pending offers
Total properties for sale - 4,832 (total inventory down 1.45% from last month)
There are a total of 46 foreclosures amongst the entire listing inventory.  There was no change to the total number of foreclosures from June/09 to July/09.  However, there was a 40% increase in Single Family foreclosures (up from 23 in June to 32 in July) and approximately a 30% drop in Strata Properties (down from 16 in … (0 comments)

central okanagan market statistics: Central Okanagan Listing Inventory and Current Foreclosures - 05/09/09 12:44 AM
Current listing inventory as of May 2009:
Single Family Dwellings - 2076 properties including 15 pending offers
Strata - Condos - 1028 properties including 5 pending offers
Strata - Townhomes - 557 properties including 6 pending offers
Manufactured Home - 208 including 0 pending offers
Lots/Acreages - 740 properties including 5 pending offers
Total properties for sale - 4,640
And amongst the entire listing inventory...only 27 Foreclosures!!! 
This means that only .0058% of all Central Okanagan listings are currently in foreclosure!  The breakdown is as follows: 2 Lots and Acreages, 19 Single Family Residential ($226,800 to $2.49 Million) and 6 Strata Properties ($134,900 to $329,000).
Bottom line is the pricing and selection of properties in the Okanagan is the best it … (0 comments)

central okanagan market statistics: January 2009 Stats for the Central Okanagan - 02/12/09 12:29 AM
For complete January 2009 Stats for the Central Okanagan please visit:OMREB Stats

Real estate sales in the Central Okanagan market were slow once again in the month of January.  Consumer confidence has been rattled in recent months with the media reporting job losses, stock volatility etc.  The "doom and gloom" that the media continues to spin on a daily basis gives the impression that purchasing a home is very bad idea!  The flip side to this is interest rates are at a 50 year low, inventory levels allow more choice than in the past and home prices are more affordable than they have been in … (3 comments)

 
Jason Neumann, Realtor - www.KelownaRealEstateNews.com (Century 21 Assurance Realty Ltd.) Rainmaker large

Jason Neumann

Realtor - www.KelownaRealEstateNews.com

Kelowna, BC

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Century 21 Assurance Realty Ltd.

Address: #100 1634 Harvey Ave., Kelowna, BC, V1Y 6G2

Office: 250(869) 010-1226

Mobile: (250) 808-7700

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