April 2013 North Okanagan Home Market Update
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Home Sales in North Okanagan A look at the Market Trends for Single Family Homes From Jan. 2012 to April 2013 All data from the OMREB Database presented by Brell from www.OkanaganRealEstateUmbrella.com Sutton Group - Lakefront Realty, Vernon, BX Wednesday, 8 May, 13
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Information from http://www.OkanaganRealEstateUmbrella.com Here is our April 2013 Single Family Home Real Estate Market Update for the North Okanagan real estate zone. All data is from the Okanagan Mainline Real Estate Board database, which reflects MLS® properties reported sold April 1 - 30, 2013. The first quarter of 2013 had a pretty shaky start. We see some bright spots in the April update. Have a look. Feel free to call or text 250-308-4310 with any questions or comments. Meanwhile if you are looking to buy or sell property in the Okanagan Shuswap, and are not already in a happy, committed relationship with a REALTOR®, I would love to apply for the job of working with you to move your real estate goals into reality. Ciao for now, Brell
Transcript of April 2013 North Okanagan Home Market Update
Home Sales in North OkanaganA look at the Market Trends for Single Family Homes From Jan. 2012 to April 2013
All data from the OMREB Database
presented by Brell from
www.OkanaganRealEstateUmbrella.comSutton Group - Lakefront Realty, Vernon, BX
Wednesday, 8 May, 13
Compare Home Sales Per Month
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
There were 11 fewer homes sold in April 2013 compared to 2012In the North Okanagan MLS zone.
Check out the Sales TrendTotals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
You can see the seasonal adjustment of the sales cycle start to Mirror year over year
Listings Activated by Month
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Realtors activated almost the same amount on new listings in April each year
199
201
Check out the Listing Trend
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Active Inventory by Month
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
One of the most important performance indicators is the InventoryLevel. It is a good sign that for each of the 4 months in 2013There were fewer homes on the market than the year before.
680
733
Check Out The Inventory Trend
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Absorption Rate by Month
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
With inventory numbers down and sales numbers also down, we can see the robustness Of the market by looking at the absorption percentage.
10.59%
11.32%
The market was slightly stronger in April 2012
Check out the Absorption Trend
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Days To Sell by Month
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Houses took longer on average to sell in April 2013
125 days
102 days
Check out the Days to Sell Trend
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Average Sale by Month
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Average sale price in April 2013 was $357,983 compared to $352,337 in April 2012
Average Sale Price Trend
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Median Sale Price by Month
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Median sale price for April 2013 was $329,629Up from $318,000 in 2012
Median Sale Price Trend
Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo
www.RecentOkanaganRealEstateSales.com
Wednesday, 8 May, 13
Do You Know Brell?
“Brell”Brenda Ellis
Tech Savvy Gal who loves to create:Great food, art, photography, laughter and
relationships.
Partner, Mom, Grammie, Friend & REALTOR®
250-308-4310 or [email protected]
Covering you from your first step through your Doorstep.Wednesday, 8 May, 13
