Download to read offline
Uploaded bySutton Group - Lakefront Realty Vernon BC
How's the north okanagan real estate market november 2010
The document analyzes key performance indicators of the North Okanagan real estate market from 2007 to 2010. It shows trends in inventory levels, sales numbers, absorption rates, average days on the market, and average and median sale prices. Inventory levels peaked in 2008 and have declined since. Sales numbers dropped significantly in 2008 but have increased in recent years, while absorption rates reached a high of 20% in early 2007 and have generally trended downwards. Average days on the market were lowest in early 2007 and have lengthened since. Sale prices declined from early 2008 but have risen recently, with the median sale price reaching $320,000 in October 2010.
More Related Content
Similar to How's the north okanagan real estate market november 2010
How's the north okanagan real estate market november 2010
- 1. How’s the NorthOkanagan Real Estate Market? Updated November 4, 2010 North Okanagan Real Estate Key Performance Indicators
- 2. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 22 A Look at Key Performance Indicators. • The following slides present an overview of the 6 key performance indicators we watch so that we know what is happening in the market. • We use this information to identify trends and forecast upcoming events in the market. • The Inventory and Absorption rates are presented first – as these numbers dictate more than any others what will happen to pricing. • Information for these charts is pulled from the Okanagan Mainline Real Estate Board Statistics and is believed to be correct, however should not be relied upon without verification
- 3. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 3 A Look at the North Okanagan Real Estate Market From 2007 - 2010 including October 2010
- 4. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 44 The number of properties available: 935 1599 1384 1570 500 700 900 1100 1300 1500 1700 1900 2100 Jan-07 February March April May June July August September October November December Jan-08 February March April May June July August September October November December Jan-09 February March April May June July August September October November December Jan-10 February March April May June July August September October North Okanagan Residential Inventory 2007-2010
- 5. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 55 The number of properties sold each month: 165 80 135 46 0 50 100 150 200 250 300 Jan-07 February March April May June July August September October November December Jan-08 February March April May June July August September October November December Jan-09 February March April May June July August September October November December Jan-10 February March April May June July August September October North Okanagan Residential Sales 2007 -2010
- 6. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 66 The percentage of available properties sold: 20.00% 5.45% 11.76% 6.60% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% Jan-07 February March April May June July August September October November December Jan-08 February March April May June July August September October November December Jan-09 February March April May June July August September October November December Jan-10 February March April May June July August September October North Okanagan Absorption Rate - 2007 - 2010 Sales/Inventory Ratio
- 7. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 77 The Average number of Days on the Market: 72 98 111 92 0 20 40 60 80 100 120 140 160 Jan-07 February March April May June July August September October November December Jan-08 February March April May June July August September October November December Jan-09 February March April May June July July August September October November December Jan-10 February March April May June July August September October North Okanagan Average Days to Sell 2007 - 2010
- 8. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 88 The Average sale price: $396,514.87 $383,827.28 $375,827 $362,497 $300,000 $320,000 $340,000 $360,000 $380,000 $400,000 $420,000 $440,000 $460,000 Jan-07 February March April May June July August September October November December Jan-08 February March April May June July August September October November December Jan-09 February March April May June July August September October November December Jan-10 February March April May June July August September October North Okanagan Average House Price 2007 - 2010
- 9. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 99 The Median (Middle of the Market) Sale Price $320,000 $250,000 $270,000 $290,000 $310,000 $330,000 $350,000 $370,000 $390,000 $410,000 $430,000 Jan-07 February March April May June July August September October November December Jan-08 February March April May June July August September October November December Jan-09 February March April May June July August September October November December Jan-10 February March April May June July August September October North Okanagan Residential Median Sale Price 2007- 2010
- 10. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 10 For Greater Perspective A look back from 2000 forward in North Okanagan Real Estate Trends
- 11. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 1111 Historical: Inventory Trend by quarter December, 683 June, 1966 October, 1570 500 700 900 1100 1300 1500 1700 1900 2100 january April July October Jan-01 April July October Jan-02 April July October Jan-03 April July October Jan-04 April July October Jan-05 April July October Jan-06 April July October Jan-07 April July October Jan-08 April July October Jan-09 April July October Jan-10 April July October North Okanagan Residential Inventory 2000-2010
- 12. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 1212 Historical: Number of properties sold 46 0 50 100 150 200 250 300 January April July October Jan-01 April July October Jan-02 April July October Jan-03 April July October Jan-04 April July October Jan-05 April July October Jan-06 April July October Jan-07 April July October Jan-08 April July October Jan-09 April July October Jan-10 April July October North Okanagan Residential Sales 2000 -2010
- 13. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 1313 Historical: Absorption Rate April, 51.06% October, 6.60% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% May-00 August November February May August November February May August November February May August November February May August November February May August November February May August November February May August November February May August November February May August November February May August North Okanagan Absorption Rate - Sales / Inventory Ratio 2000-2010
- 14. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 1414 Historical: Number of Days on Market October, 339 March, 64 October, 92 50 100 150 200 250 300 350 January April July October Jan-01 April July October Jan-02 April July October Jan-03 April July October Jan-04 April July October Jan-05 April July October Jan-06 April July October Jan-07 April July October Jan-08 April July October Jan-09 April July September December March June September North Okanagan Average Days to Sell 2000 - 2010
- 15. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 1515 Historical: Average Sale Price $362,497 $100,000.00 $150,000.00 $200,000.00 $250,000.00 $300,000.00 $350,000.00 $400,000.00 $450,000.00 January April July October Jan-01 April July October Jan-02 April July October Jan-03 April July October Jan-04 April July October Jan-05 April July October Jan-06 April July October Jan-07 April July October Jan-08 April July October Jan-09 April July October Jan-10 April July October North Okanagan Average House Price 2000-2010
- 16. Copyright © 2010Century 21 Real Estate LLC. All rights reserved. 1616 Historical: Median (middle of Market) Sale Price $320,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 January April July October Jan-01 April July October Jan-02 April July October Jan-03 April July October Jan-04 April July October Jan-05 April July October Jan-06 April July October Jan-07 April July October Jan-08 April July October Jan-09 April July October Jan-10 April July October North Okanagan Residential Median Sale Price 2000 - 2010
- 17. Thank you foryour interest in the North Okanagan Real Estate Market. Please feel free to contact us for further explanation or to discuss your specific real estate questions, concerns or thoughts. Click Here for More North Okanagan Real Estate Market information Your Okanagan Real Estate Umbrella We’ve got you covered.