November 2009 – November sales in the Central Okanagan region of the Okanagan Mainline Real Estate Board were up from 142 last year to 304 this year. This is an increase in excess of 114% in the total sales for Nov. The year to date sales till the end of November reached 3,557 exceeding last years total of 3,485 for the same period. The total sales for the Central Okanagan area for all of 2009 were only 3,595 assuring that 2009 will exceed the total sales for 2008.

2009 is ending on a very strong note for the number of sales which should set 2010 up to be an even better year than 09. There is much more positive news economically and BC is poised to lead the country in many sectors. Most predictions are for a 7 - 10% increase in the total number of sales with a modest increase in property values in the 2 to 4% range. All in all, 2010 is looking to be a very good year.

Single Family Home Sales Nov 2009

$0.00 - $200,000    - 1

$200,001 – 400,000  - 59

$401,000 – 600,000  - 77

$601,000 – 800,000  - 12

$801,000 – 1,000,000  - 3

$1,000,001 – 2,500,000  - 5

$2,500,001 – 5,000,000 – 0

> $5,000,000 - 0

Townhouse Sales Nov 2009

$0.00 - $200,000  - 3

$200,001 – 400,000  - 22

$401,000 – 600,000  - 6

$601,000 – 800,000 - 1

$801,000 – 1,000,000  - 0

$1,000,001 – 2,500,000  - 0

$2,500,001 – 5,000,000  - 0

> $5,000,000 - 0

Apartment Sales – Nov 2009

$0.00 - $200,000  - 16

$200,001 – 400,000  -  44

$401,000 – 600,000  -  6

$601,000 – 800,000  - 1

$801,000 – 1,000,000  - 1

$1,000,001 – 2,500,000  - 0

$2,500,001 – 5,000,000 - 0

> $5,000,000  - 0

Average Selling Price Nov 2009

Apartments     $278,785

Townhomes     $353,795

Homes     $451,311

Lots     $203,608

Total all Categories    1.44%

Average Selling Price Year to Date 2009

Apartments     $257,369

Townhomes   $349,518 

Homes     $459,321

Lots     $223,108

Total all Categories    -7.41%

Average Selling Price Nov 2008

Apartments     $248,002

Townhomes      $304,647

Homes      $460,992

Lots     $261,166

Average Selling Price Year to Date 2008

Apartments     $287,720

Townhomes   $385,115

Homes     $505,992

Lots     $236,261

COMPLIMENTS OF

HARRY PETTIT

250-717-7440

www.harrypettit.com

harry@harrypettit.com