hows the north okanagan real estate market?
Post on 28-Nov-2014
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How’s The Market?
A Look back at North Okanagan Real EstateKey Performance Indicators
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
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A Look at the Key Performance Indicators
• The following slides present an overview of the six key performance indicators we watch so that we know what is going on 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 other 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.
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
3
A look at the North Okanagan Real Estate MarketFrom 2007 - 2010
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
44
The number of properties available :
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
5
Number of Properties Sold
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
66
The percentage of available properties selling
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
77
The Average number of Days on the Market
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
88
The Average Sale Price
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
99
& The Median (middle of the Market) Sale Price
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
10
For a Greater PerspectiveLet’s Look back over the last 10 years in North Okanagan Real Estate
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
11
Historical: Inventory Trend by Quarter
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
12
Historical: Number of Sales
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
13
Historical: Absorption Rate
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
14
Historical: Number of Days to Sell
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
15
Historical: Average Sale Price
Copyright © 2010 Century 21 Real Estate LLC. All rights reserved.
16
Historical: Median (middle of market Sale Price
Thank you for checking out the North OkanaganReal Estate MarketPlease feel free to contact us for more explanation or to discuss your particular real estate questions, concerns or thoughts.
Warmest regards,http://www.TheOkanaganRealEstateHub.com
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