april 2013 north okanagan home market update

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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

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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 tobrell@gmail.comOkanaganRealEstateUmbrella.com

Covering you from your first step through your Doorstep.Wednesday, 8 May, 13

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