Central Okanagan Listing Inventory and Current Foreclosures

Current listing inventory as of May 2009:

Single Family Dwellings - 2076 properties including 15 pending offers

Strata - Condos - 1028 properties including 5 pending offers

Strata - Townhomes - 557 properties including 6 pending offers

Manufactured Home - 208 including 0 pending offers

Lots/Acreages - 740 properties including 5 pending offers

Total properties for sale - 4,640

And amongst the entire listing inventory...only 27 Foreclosures!!! 

This means that only .0058% of all Central Okanagan listings are currently in foreclosure!  The breakdown is as follows: 2 Lots and Acreages, 19 Single Family Residential ($226,800 to $2.49 Million) and 6 Strata Properties ($134,900 to $329,000).

Bottom line is the pricing and selection of properties in the Okanagan is the best it has been in years.  Taking advantage of this balanced market is what investors are doing, shouldn't you? 

Sincerely,

Jason Neumann