Ratio of Sales vs. Total Inventory = 6.59%

Condo -- Sales = 52

Condo -- New Listings  = 119

Condo -- Current Inventory = 851

Condo -- Sell/Inv. Ratio = 6.11%

Condo -- Days to Sell = 113

Average Price: $250,545

Average Median Price: $219,500

Townhouse -- Sales = 31

Townhouse -- New Listings = 58

Townhouse -- Current Inventory = 455

Townhouse -- Sell/Inv. Ratio = 6.81%

Townhouse -- Days to Sell = 97

Average Price: $337,129

Average Median Price: $297,000

Lots -- Sales = 9

Lots -- New Listings = 41

Lots -- Current Inventory =614

Lots -- Sell/Inv. Ratio = 1.47%

Lots -- Days to Sell = 286

Average Price: $222,745

Average Median Price: $218,000

Residential -- Sales = 124

Residential -- New Listings = 225

Residential -- Current Inventory = 1,359

Residential -- Sell/Inv. Ratio = 9.12%

Residential -- Days to Sell = 94

Average House Price = $456,910

Median House Price = $426,700

Description                                      Total Listings Taken                                        Inventory

This Month                                                     575                                                           4,479

Last Month                                                     834                                                           4,765

This Month Last Year                                  710                                                           4,351

Description                                      Total Units Sold                                                Total Sales Volume

This Month                                                 258                                                                 $98,089,781

Last Month                                                 293                                                               $112,516,273

This Month Last Year                              221                                                                  $76,928,947

Central Zone (Peachland to Lake Country):  Overall unit sales and sales volumes in the Central Zone jumped by 16.7% to 258 units ($98.1 million) compared to 221 ($76.9 million) last November, and were down 6.6% compared to the 277 units sold in October.  Total residential sales improved by 19.9% to 236 units compared to 197 sold last November, and were down 6.7% from 253 in October.  Single family home sales of 124 units rose 12.7% compared to 110 last year, but remained the same as this October (125).  November’s inventory of 4,475 units was up 3.1% compared to 4,339 in 2010, but the 574 new listings for the month declined 18.9% over the 708 last year.

Complete OMREB Statistics and Statistical Graph for November 2011

Disclaimer: Monthly sales statistics are based on the sales reported by real estate offices as of the last day of the month.  As a result, there may be some lag time in reporting sales and other minor adjustments in the total results are made accordingly.

If you would like more in depth statistics or have any general questions please contact me at (250) 808-7700 or at jason.neumann@century21.ca

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Sincerely,

Jason Neumann