How's the north okanagan real estate market sept 2010

How’s the North Okanagan Real Estate Market?

Updated September 8, 2010North Okanagan Real EstateKey Performance Indicators

Copyright © 2010 Century 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

A Look at the North Okanagan Real Estate MarketFrom 2007 - 2010 including July 2010


44

The number of properties available:

Jan-

07

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

08

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

09

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

10

Mar

chM

ay July

500

700

900

1100

1300

1500

1700

1900

2100

949

16861627

1856

North Okanagan Residential Inventory 2007-2010


55

The number of properties sold each month:

Jan-

07

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

08

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

09

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

10

Mar

chM

ayJu

ly 0

50

100

150

200

250

300

223

117142

54

North Okanagan Residential Sales 2007 -2010


66

The percentage of available properties sold:

Jan-

07

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

08

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

09

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

10

Mar

chM

ay July

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

28.10%

6.27%9.14%

6.57%

North Okanagan Absorption Rate - 2007 - 2010 Sales/Inventory Ratio


77

The Average number of Days on the Market:

Jan-

07

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

08

Mar

chM

ay July

Septe

mbe

r

Novem

ber

Jan-

09

Mar

chM

ay July

Augus

t

Octob

er

Decem

ber

Febru

ary

April

June

Augus

t0

20

40

60

80

100

120

140

160

66

98

105

91

North Okanagan Average Days to Sell 2007 - 2010


88

The Average sale price:

$300,000

$320,000

$340,000

$360,000

$380,000

$400,000

$420,000

$440,000

$460,000

$382,877.50

$408,641.68

$358,686.00

$374,731.00

North Okanagan Average House Price 2007 - 2010


99

The Median (Middle of the Market) Sale Price

$250,000

$270,000

$290,000

$310,000

$330,000

$350,000

$370,000

$390,000

$410,000

$430,000

$374,500.00 $385,000.00

$345,000.00

$373,750.00

North Okanagan Residential Median Sale Price 2007-2010


10

For Greater PerspectiveA look back from 2000 forward in North Okanagan Real Estate Trends


1111

Historical: Inventory Trend by quarter

May-00 March Jan-02 NovemberSeptember July May March Jan-07 NovemberSeptember July May500

700

900

1100

1300

1500

1700

1900

2100

September 1894

December 683

June 1966

North Okanagan Residential Inventory 2000-2010


1212

Historical: Number of properties sold

JanuaryJuly Jan-01 July Jan-02 July Jan-03 July Jan-04 July Jan-05 July Jan-06 July Jan-07 July Jan-08 July Jan-09 July Jan-10July 0

50

100

150

200

250

300

North Okanagan Residential Sales 2000 -2010


1313

Historical: Absorption Rate

May-00 April March February Jan-04 December November October September August July June0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

April 51.06%

December 3.82%

North Okanagan Absorption Rate - Sales / Inventory Ra-tio 2000-2010


1414

Historical: Number of Days on Market

January October July April Jan-03 October July April Jan-06 October July April Jan-09 September June50

100

150

200

250

300

350 October 339

March 64

North Okanagan Average Days to Sell 2000 - 2010


1515

Historical: Average Sale Price

January October July April Jan-03 October July April Jan-06 October July April Jan-09 October July$100,000.00

$150,000.00

$200,000.00

$250,000.00

$300,000.00

$350,000.00

$400,000.00

$450,000.00

North Okanagan Average House Price 2000-2010


1616

Historical: Median (middle of Market) Sale Price

January October July April Jan-03 October July April Jan-06 October July April Jan-09 October July$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

North Okanagan Residential Median Sale Price 2000 - 2010

Thank you for your 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

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How's the north okanagan real estate market sept 2010

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