Summerland,Penticton, Okanagan Success Stories and Happenings: South Okanagan Monthly and Annual Real Estate Statistics December 2011 and Year to Date Market Review by Raymond MAASKE

South Okanagan Monthly and Annual Real Estate Statistics December 2011 and Year to Date Market Review by Raymond MAASKE – Home Star Realty

Osoyoos was the big winner in December with reports sales (dollar value) up 933%! December 2010 there was only 1 sale, December 2011 10 sales. However, for the year Osoyoos is about even on units sold but values continued to fall.

Overall, the big winner in 2011 has been Summerland giving a strong finish to 2011 with a 200% increase in the number of units sold over December 2010. This translated into a 295% increase in dollar value of properties sold. Summerland’s average sales price per unit dropped for the year 2%, which was greatly helped by the 32% increase for December 2011 over 2010.

Penticton’s prices have risen 4% for the year while sales have dropped by about the same.

If some or all of this does NOT make sense feel free to contact me and I can explain what it means in other terms. If you want to watch the video report or a copy of the full report go to: http://www.homestarrealty.ca/MARKET_UPDATE/page_2288466.html

Have a great day and here is to a great year!