RE/MAX Vernon
5603 27th Street
Vernon, BC
V1T 8Z5 CA
 
Greg Kalyniuk
Office:(250) 549-4161
Direct:(250) 503-3758
Toll Free:(800) 667-2040
 
Blogs
Posts By Date
Back to Blog

Home Run Market Update Blog

June 2011

 

It looks like the number of single family homes listed in the North Okanagan has finally started to come down. There were 848 homes listed on the MLS on July 4, down from a peak of 870 in June. This downward trend is consistent with what we normally see at this time of year, so no surprises. The number of active listings should continue downward until early in 2012.

 

Sales for June of single family homes rebounded nicely compared to last year. There were 52 single family home sales in June 2010 and 74 sales in June 2011 which is a pleasant surprise.

 

The sales to listing ratio for single family homes in June, 2011 hit 9% which is encouraging especially when you consider that we were averaging 6% for the last 5 months!

 

More buyer activity is a welcome trend and one that I predicted in last months market update article titled “The buyers are coming, the buyers are coming!” Hopefully, this activity will carry over to the rest of the year with similar or better numbers. Stay tuned market watchers!

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above:
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.