2015 Revelstoke real estate stats: sales and average prices up, inventory down
First time home buyers drove the Revelstoke real estate market in 2015, which experienced a bigger year in sales numbers over the peak 2007 year. Average sale prices are up and inventory is down significantly.
Just the stats! Revy Quarterly Winter Stat Update
This is the second installment of a quarterly Revelstoke real estate statistics report by Emily Beaumont, Royal LePage Realtor.
Real estate sales finished strong in 2015 with 120 single family home sales, exceeding the 104 reported sales in 2007! First time buyers were the dominant market this year and we’re continuing to see a good number of interested buyers, but what we’re seeing now is a severe lack of inventory. With interest rates still low and the exchange rate very favorable for our international purchasers we’re calling on all homeowners who are thinking of selling — now is the time, give us a call!
Here is a breakdown of the type of home sales from January 1 to December 31 2015:
- 120 single family residential sales
- 14 manufactured home sales
- 14 strata sales.
- 11 lots & acreages
- For a total of 159 Residential Sales
- Add 7 commercial properties, 1 commercial lot, 1 land sale & 2 business opportunities
- For a Grand Total of 170 sales in 2015
Number of Single Family sales / month in the past 3 years:
| Number of Single Family Home Sales in each Month | |||
| Month | 2013 | 2014 | 2015 |
| Jan | 4 | 7 | 3 |
| Feb | 3 | 1 | 2 |
| Mar | 5 | 7 | 7 |
| Apr | 5 | 10 | 8 |
| May | 6 | 4 | 13 |
| Jun | 6 | 8 | 12 |
| Jul | 3 | 7 | 10 |
| Aug | 3 | 12 | 17 |
| Sep | 12 | 12 | 17 |
| Oct | 10 | 8 | 19 |
| Nov | 9 | 12 | 8 |
| Dec | 5 | 1 | 4 |
Average Sale price of Single Family Homes in the past 3 years:
| 2013 | $331,109 |
| 2014 | $333,230 |
| 2015 | $345,101 |
Current Listings:
- 125 total listings
- Just 43 of them single family residential
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