Central Okanagan Monthly Statistics
February 2011
2
Table of Contents
Table of Contents 2
Zone Totals 3
Quick Summary Part 1 4
Quick Summary Part 2 5
Listing Information 6
Sales Information (Month) 7
Sales Information (YTD) 8
Average/Median Price, Days to Sell (Month) 9
Average/Median Price, Days to Sell (YTD) 10
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
3
Central Okanagan Statistics -- February 2011
Zone Totals
Description CM This Year CM Last Year Increase This YTD Last YTD Increase
Area = Central Okanagan
1 Units Listed 1,016 1,095 -7.21% 1,928 2,115 -8.84%
2 Units Sold 233 310 -24.84% 448 592 -24.32%
3 Sales Volume $90,126,643 $121,440,541 -25.79% $172,979,945 $231,012,296 -25.12%
4 List/Sell Ratio 96.34% 95.11% 95.42% 96.50%
5 Days to Sell 98 110 -11.08% 110 114 -3.07%
6 Active Listings 4,506 4,401 2.39%
Area = North Okanagan
1 Units Listed 364 386 -5.70% 658 735 -10.48%
2 Units Sold 91 109 -16.51% 172 191 -9.95%
3 Sales Volume $23,429,126 $34,637,858 -32.36% $51,996,843 $60,802,828 -14.48%
4 List/Sell Ratio 93.87% 96.23% 94.47% 96.16%
5 Days to Sell 139 127 9.01% 160 123 30.14%
6 Active Listings 2,135 2,092 2.06%
Area = Shuswap / Revels
1 Units Listed 170 292 -41.78% 291 475 -38.74%
2 Units Sold 37 59 -37.29% 64 107 -40.19%
3 Sales Volume $11,103,700 $16,330,465 -32.01% $18,100,855 $30,533,371 -40.72%
4 List/Sell Ratio 93.77% 95.53% 92.94% 94.46%
5 Days to Sell 174 168 3.49% 169 163 3.89%
6 Active Listings 1,298 1,333 -2.63%
Area = Grand Total
1 Units Listed 1,550 1,773 -12.58% 2,877 3,325 -13.47%
2 Units Sold 361 478 -24.48% 684 890 -23.15%
3 Sales Volume $124,659,469 $172,408,864 -27.70% $243,077,643 $322,348,495 -24.59%
4 List/Sell Ratio 95.63% 95.37% 95.03% 96.24%
5 Days to Sell 116 121 -4.26% 128 122 5.43%
6 Active Listings 7,939 7,826 1.44%
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
4
Central Okanagan Statistics -- February 2011
Quick Summary Part 1
Residential
Description Total Units Sold Total Sales Volume Total Units Sold Total Sales Volume
This Month 233 $90,126,643 120 $53,203,239
Last Month 215 $82,853,301 100 $43,637,508
This Month Last Year 310 $121,440,541 136 $62,480,594
Description Total Listings Taken Inventory
This Month 1,016 4,506
Last Month 912 4,137
This Month Last Year 1,095 4,401
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
5
Central Okanagan Statistics -- February 2011
Quick Summary Part 2
Condo/Apt
Sales 51
New Listings 177
Current Inventory 922
Sell/Inv. Ratio 5.53%
Days to Sell 100
Average Price $282,292
Median Price $246,000
Condo/Townhouse
Sales 22
New Listings 134
Current Inventory 494
Sell/Inv. Ratio 4.45%
Days to Sell 103
Average Price $336,235
Median Price $304,250
Lots
Sales 6
New Listings 93
Current Inventory 88
Sell/Inv. Ratio 6.82%
Days to Sell 143
Average Price $267,833
Median Price $246,000
Residential
Sales 120
New Listings 435
Current Inventory 1,391
Sell/Inv. Ratio 8.63%
Days to Sell 91
Average Price $443,360
Median Price $422,099
Ratio of Sales vs Inventory 6.87%
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
6
Central Okanagan Statistics -- February 2011
Comparative Activity -- Listing Information
Inventory
Description Cur Mo Lst Yr Mo Incr/Decr% Cur YTD Lst YTD Incr/Decr% Cur Mo Lst Yr Mo Incr/Decr%
Zone = Central Okanagan
Acreage/House 34 52 -34.62% 63 80 -21.25 176 172 2.33
Duplex 22 23 -4.35% 32 51 -37.25 71 82 -13.41
Mobile Home 43 31 38.71% 93 81 14.81 206 193 6.74
Recreational 7 4 75.00% 8 8 0.00 37 17 117.65
Residential 435 472 -7.84% 846 880 -3.86 1,391 1,317 5.62
Residential WF 8 15 -46.67% 18 31 -41.94 81 88 -7.95
3/4-Plex 2 2 0.00% 4 3 33.33 7 11 -36.36
Timeshare 1 1 0.00% 1 2 -50.00 4 3 33.33
Apartment 177 226 -21.68% 355 422 -15.88 922 996 -7.43
Townhouse 134 124 8.06% 239 243 -1.65 494 425 16.24
RES TOTAL 863 950.00 -9.16% 1,659 1,801 -7.88% 3,389 3,304 2.57
FARMS 11 12 -8.33% 15 20 -25.00 56 65 -13.85
MULTIFAMILY 3 0 0.00% 4 0 0.00 9 5 80.00
Acreage 11 18 -38.89% 25 30 -16.67 88 114 -22.81
Acreage WF 0 1 -100.00% 7 5 40.00 21 14 50.00
Lots 80 68 17.65% 123 155 -20.65 550 505 8.91
Lots WF 2 3 -33.33% 4 3 33.33 18 18 0.00
LOTS TOTAL 93 90.00 3.33% 159 193 -17.62% 677 651 3.99
Business 10 9 11.11% 21 17 23.53 57 64 -10.94
Commercial 21 27 -22.22% 46 47 -2.13 178 111 60.36
Land 7 7 0.00% 10 33 -69.70 71 83 -14.46
Leases 7 0 0.00% 11 0 0.00 61 118 -48.31
IC&C TOTAL 45 43.00 4.65% 88 97 -9.28% 367 376 -2.39
GRAND TOTAL 1,015 1,095 -7.31% 1,925 2,111 -8.81% 4,498 4,401 2.20
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
7
Central Okanagan Statistics -- February 2011
Comparative Activity -- Sales Information (Month)
Unit Sales Sales Volume List/Sale Ratio
Description Cur Mo Lst Yr Mo Incr/Decr% Cur Mo Lst Yr Mo Incr/Decr% Cur Mo Lst Yr Mo
Zone = Central Okanagan
Acreage/House 6 8 -25.00% $2,684,500 $7,170,500 -62.56% 94.83% 95.11%
Duplex 3 7 -57.14% $1,219,900 $2,895,500 -57.87% 96.52% 96.40%
Mobile Home 13 21 -38.10% $1,547,500 $2,220,600 -30.31% 92.09% 93.15%
Recreational 1 1 0.00% $150,000 $775,000 -80.65% 88.29% 86.21%
Residential 120 136 -11.76% $53,203,239 $62,480,594 -14.85% 96.57% 96.65%
Residential WF 2 2 0.00% $3,150,000 $3,735,000 -15.66% 87.65% 83.41%
3/4-Plex 2 1 100.00% $1,022,000 $799,000 27.91% 96.15% 94.02%
Timeshare 0 0 0.00% $0 $0 0.00% 0.00% 0.00%
Apartment 51 62 -17.74% $14,396,900 $16,256,700 -11.44% 95.16% 96.21%
Townhouse 22 34 -35.29% $7,397,170 $10,923,300 -32.28% 96.24% 97.03%
RES TOTAL 220 272 -19.12% $84,771,209 $107,256,194 -20.96% 95.78% 95.80%
FARMS 1 1 0.00% $390,000 $1,420,000 -72.54% 89.86% 90.04%
MULTIFAMILY 0 0 0.00% $0 $0 0.00% 0.00% 0.00%
Acreage 3 4 -25.00% $1,017,000 $2,770,000 -63.29% 96.67% 71.26%
Acreage WF 0 1 -100.00% $0 $975,000 -100.00% 0.00% 85.53%
Lots 3 17 -82.35% $590,000 $3,844,200 -84.65% 92.20% 93.46%
Lots WF 0 0 0.00% $0 $0 0.00% 0.00% 0.00%
LOTS TOTAL 6 22 -72.73% $1,607,000 $7,589,200 -78.83% 94.98% 83.03%
Business 1 4 -75.00% $155,000 $3,021,000 -94.87% 62.02% 77.70%
Commercial 3 5 -40.00% $2,636,497 $423,042 523.22% 98.78% 127.87%
Land 0 1 -100.00% $0 $775,000 -100.00% 0.00% 97.00%
Leases 2 5 -60.00% $566,937 $956,106 -40.70% 0.00% 0.00%
IC&C TOTAL 6 15 -60.00% $3,358,434 $5,175,148 -35.10% 115.06% 103.13%
GRAND TOTAL 233 310 -24.84% $90,126,643 $121,440,541 -24.84% 96.34% 95.11%
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
8
Central Okanagan Statistics -- February 2011
Comparative Activity -- Sales Information (YTD)
Unit Sales Sales Volume List/Sale Ratio
Description Cur YTD Lst YTD Incr/Decr% Cur YTD Lst YTD Incr/Decr% Cur YTD Lst YTD
Zone = Central Okanagan
Acreage/House 15 15 0.00% $9,148,500 $11,302,500 -19.06% 89.49% 94.70%
Duplex 7 12 -41.67% $2,489,657 $4,333,000 -42.54% 96.45% 96.67%
Mobile Home 24 31 -22.58% $2,243,300 $2,952,600 -24.02% 92.03% 92.39%
Recreational 1 3 -66.67% $150,000 $1,240,000 -87.90% 88.29% 88.70%
Residential 220 270 -18.52% $96,840,747 $126,811,635 -23.63% 96.35% 96.69%
Residential WF 7 5 40.00% $9,566,000 $9,315,000 2.69% 87.44% 89.34%
3/4-Plex 2 1 100.00% $1,022,000 $799,000 27.91% 96.15% 94.02%
Timeshare 0 0 0.00% $0 $0 0.00% 0.00% 0.00%
Apartment 88 115 -23.48% $24,154,550 $29,045,900 -16.84% 95.03% 95.81%
Townhouse 54 66 -18.18% $17,598,393 $22,392,446 -21.41% 95.90% 96.57%
RES TOTAL 418 518 -19.31% $163,213,147 $208,192,081 -21.60% 95.06% 95.97%
FARMS 2 1 100.00% $1,490,000 $1,420,000 4.93% 86.43% 90.04%
MULTIFAMILY 0 0 0.00% $0 $0 0.00% 0.00% 0.00%
Acreage 6 6 0.00% $1,684,000 $3,150,000 -46.54% 94.87% 73.40%
Acreage WF 0 1 -100.00% $0 $975,000 -100.00% 0.00% 85.53%
Lots 9 33 -72.73% $1,888,900 $7,720,800 -75.53% 91.26% 92.86%
Lots WF 0 0 0.00% $0 $0 0.00% 0.00% 0.00%
LOTS TOTAL 15 40 -62.50% $3,572,900 $11,845,800 -69.84% 92.93% 86.18%
Business 2 5 -60.00% $310,000 $3,166,000 -90.21% 72.96% 77.54%
Commercial 7 22 -68.18% $3,245,460 $4,657,310 -30.31% 108.51% 206.42%
Land 1 1 0.00% $499,000 $775,000 -35.61% 83.87% 97.00%
Leases 3 5 -40.00% $649,437 $956,106 -32.07% 0.00% 0.00%
IC&C TOTAL 13 33 -60.61% $4,703,897 $9,554,416 -50.77% 117.28% 133.85%
GRAND TOTAL 448 592 -24.32% $172,979,945 $231,012,296 -24.32% 95.42% 96.50%
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
9
Central Okanagan Statistics -- February 2011
Average/Median price, Days to Sell (Month)
Average Price Median Price Days to Sell
Description Cur Mo Lst Yr Mo Incr/Decr% Cur Mo Lst Yr Mo Incr/Decr% Cur Mo Lst Yr Mo Incr/Decr%
Zone = Central Okanagan
Acreage/House $447,417 $896,313 -50.08% $478,500 $800,000 -40.19% 100 81 23.85%
Duplex $406,633 $413,643 -1.69% $336,000 $334,000 0.60% 21 63 -66.82%
Mobile Home $119,038 $105,743 12.57% $85,000 $89,000 -4.49% 100 121 -17.16%
Recreational $150,000 $775,000 -80.65% $150,000 $775,000 -80.65% 168 248 -32.26%
Residential $443,360 $459,416 -3.49% $422,099 $430,500 -1.95% 91 69 31.23%
Residential WF $1,575,000 $1,867,500 -15.66% $1,575,000 $1,867,500 -15.66% 331 105 216.75%
3/4-Plex $511,000 $799,000 -36.05% $511,000 $799,000 -36.05% 28 24 14.58%
Timeshare
Apartment $282,292 $262,205 7.66% $246,000 $244,250 0.72% 100 121 -16.72%
Townhouse $336,235 $321,274 4.66% $304,250 $300,000 1.42% 103 98 4.25%
RES TOTAL $385,324 $394,324 -2.28% $352,500 $366,500 -3.82% 96 90 7.33%
FARMS $390,000 $1,420,000 -72.54% $390,000 $1,420,000 -72.54% 162 233 -30.47%
MULTIFAMILY
Acreage $339,000 $692,500 -51.05% $375,000 $607,481 -38.27% 128 244 -47.40%
Acreage WF $975,000 $975,000 52
Lots $196,667 $226,129 -13.03% $215,000 $195,000 10.26% 157 320 -51.01%
Lots WF
LOTS TOTAL $267,833 $344,964 -22.36% $246,000 $238,750 3.04% 143 294 -51.51%
Business $155,000 $755,250 -79.48% $155,000 $433,000 -64.20% 137 282 -51.38%
Commercial $878,832 $84,608 938.71% $145,000 $52,500 176.19% 78 182 -57.14%
Land $775,000 $775,000 39
Leases $283,469 $191,221 48.24% $283,469 $55,216 413.38% 98 175 -44.35%
IC&C TOTAL $559,739 $345,010 62.24% $190,344 $55,216 244.73% 94 197 -52.07%
GRAND TOTAL $386,810 $391,744 -1.26% $346,000 $350,000 -1.14% 98 110 -11.08%
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe
10
Central Okanagan Statistics -- February 2011
Average/Median price, Days to Sell (YTD)
Average Price Median Price Days to Sell
Description Cur YTD Lst YTD Incr/Decr% Cur YTD Lst YTD Incr/Decr% Cur YTD Lst YTD Incr/Decr%
Zone = Central Okanagan
Acreage/House $609,900 $753,500 -19.06% $525,000 $699,000 -24.89% 110 88 24.04%
Duplex $355,665 $361,083 -1.50% $335,000 $319,250 4.93% 66 64 4.07%
Mobile Home $93,471 $95,245 -1.86% $76,750 $83,000 -7.53% 104 136 -23.50%
Recreational $150,000 $413,333 -63.71% $150,000 $420,000 -64.29% 168 200 -16.00%
Residential $440,185 $469,673 -6.28% $413,000 $435,500 -5.17% 99 81 22.20%
Residential WF $1,366,571 $1,863,000 -26.65% $1,550,000 $1,930,000 -19.69% 184 161 14.06%
3/4-Plex $511,000 $799,000 -36.05% $511,000 $799,000 -36.05% 28 24 14.58%
Timeshare
Apartment $274,484 $252,573 8.67% $243,000 $233,500 4.07% 121 132 -8.00%
Townhouse $325,896 $339,279 -3.94% $309,750 $314,250 -1.43% 112 99 13.34%
RES TOTAL $390,462 $401,915 -2.85% $356,750 $370,000 -3.58% 107 99 7.82%
FARMS $745,000 $1,420,000 -47.54% $745,000 $1,420,000 -47.54% 129 233 -44.85%
MULTIFAMILY
Acreage $280,667 $525,000 -46.54% $269,500 $260,000 3.65% 108 222 -51.27%
Acreage WF $975,000 $975,000 52
Lots $209,878 $233,964 -10.29% $215,000 $194,000 10.82% 211 255 -17.26%
Lots WF
LOTS TOTAL $238,193 $296,145 -19.57% $240,000 $210,019 14.28% 170 245 -30.66%
Business $155,000 $633,200 -75.52% $155,000 $145,000 6.90% 340 248 37.01%
Commercial $463,637 $211,696 119.01% $145,000 $75,970 90.87% 124 174 -28.84%
Land $499,000 $775,000 -35.61% $499,000 $775,000 -35.61% 102 39 161.54%
Leases $216,479 $191,221 13.21% $225,687 $55,216 308.74% 93 175 -46.92%
IC&C TOTAL $361,838 $289,528 24.98% $155,000 $80,690 92.09% 148 181 -18.23%
GRAND TOTAL $386,116 $390,223 -1.05% $348,500 $355,000 -1.83% 110 114 -3.07%
Totals include variables in any given, due to preceding month's collased sales and deleted listings. e & oe