Shuswap market activitiy

More residential homes came onto the market in January 2008 than same time last year. An increase of approx 72.83%! The totals of residential listings for January 2008 and 2007 varied by25.41%. Take a look at a breakdown of the listing numbers below for January 2008 (January 2007:

Acreage/house 17 (11)
Duplex 0 (1)
Mobile Home 9 (5)
Recreational 2 (4)
Residential 85 (51)
Residential WF 13 (9)
3/4-plex 0 (0)
Timeshare 0 (0)
Apartment 10 (1)
Townhome 23 (10)
RESIDENTIAL TOTAL 159 (92)

Summary of the total number of active listings for the month of January 2008 (January 2007) follows:

Arceage/house 96 (64)
Duplex 3 (4)
Mobile Home 36 (28)
Recreational 16 (12)
Residential 221 (200)
Residential WF 37 (42)
3/4-plex 1 (0)
Timeshare 0 (1)
Apartment 81 (22)
Townhome 47 (56)
RESIDENTIAL TOTAL 538 (429)

Even though the number of active residential listings has increased this January the number of sales has increased by 5.45% and so has average and median residential prices by 8.84% and 44.55% respectively!

(Source: Okanagan Mainline Real Estate Board)

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