Okanagan Real Estate In. Sight. Full. Insightful market info, briefly, briefly.

SUMMERLAND MLS STATISTICS

February results:

Currently active 269, 41 newly listed last 31 days

Sold in February 13

Expired from market in February 11

INTERPRETATION & COMMENTS

A) still more than one new listing per day coming on market = supply issues remain #1 black mark on this market

B) more sold than expired in February, a positive

C) same period last year had 18 solds, 2012 represents a significantly weaker demand than same period last year. However, 30% of the sales from last year same period were COURT ORDERED SALES.

 

Remove those sales, and demand is actually IMPROVED! a wee bit…sort of…you get the picture though, right?

 

For a specific market update on your property, let me know and I will be pleased to help. Patrick Murphy 250 486 2529

patrickmurphy@remax.net

Follow me on twitter: @pmurphy88

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