Oliver experienced the fewest number of sales in March this year since at least 2003 according to the South Okanagan Real Estate Board statistics. 2011 saw a total of 3 sales in March compared to 12 sales in March ’10 and 8 in March ’09. However, all of those are considerably less than the average of 20 sales for the month of March from 2003 – 2011. In fact the average number of March sales for the period 2003 to 2008 was 26.
Year to date, the South Okanagan Real Estate Board (SOREB) reports 70 residential sales compared to 103 for the same period last year. 29 condos and townhomes sold compared to 38 ytd in 2010. There were a total of 116 sales reported this year compared to 157 January to March of 2010. There are 2763 active listings on the market this year compared to 2740 last year.
Most areas of the SOREB report that number sales are down over 2010 with the exception of Kaleden/Okanagan Falls and Keremeos. Sales volume was also down in most areas.
The average sale price of a single family home year to date in the SOREB board area is $342,328 taking an average of 118 days to sell. In the Oliver area, the average single family home has a value of $290,700 taking an average of 93 days to sell.
The historical average year to date values of a single family home in Oliver at the end of March are as follows: 2011- 290,700; 2010- 298,157; 2009- $362,817; 2008- $352,192; ’07- $284,767; ’06- $361,155; and ’05 $202,789.
Just 2 single family homes sold in Oliver this March, 12 have sold year to date. There are 109 active single family listings available on the market. Also in March 1 condo/townhome sold for a total of 9 year to date. There are 39 active listings. Townhomes and Condos are taking 170 days and 157 days to sell respectively.
There has been 1 vacant lot and no farms or acreages sell in the Oliver area so far this year. There are 39 active listings.
Tags: average price, farm, homes, listings, lot, Oliver, properties, real estate, sales, south okanagan, statistics
