North Okanagan Real Estate - What Sold Market Watch Jan. 24, 2010 edition
For the period of January 18 - 24th 2010 in North Okanagan real estate sales 16 properties moved from for sale to sold status. This report covers the Cities of Vernon, Armstrong, Enderby, and Lumby as well as the surrounding North Okanagan municipalities.
For more details on the homes, lots, acreages, apartments and townhomes that sold please visit our Okanagan Market Stats web page for free downloadable pdf reports.
Lots and Acreages for sale:
Four properties for sale moved to sold status. None of these parcels were acreages.
The median or middle of the sales price was $135,000 on a median list price of $145,000. The sold prices ranged from $100,000 to $141,000 with the lower price relating to a building lot on 39th Avenue in East Hill, Vernon. Days on the market are skewed as it looks like 3 of theses lots were listed and sold on the same day. On average the sellers accepted 88.6% of asking price for the lots sold with the highest percentage being 94.1% and the lowest being 74.1%
Manufactured Homes for sale:
No manufactured (mobile) homes sold during the week in the North Okanagan.
Single Family Residential Homes for sale:
In the past week, 9 homes for sale in Vernon BC and the surrounding North Okanagan communities moved to sold status.
These homes were on the market an average of 96 days and sold for median sales price of $325,000 on a median list price of $339,900. Listing prices for the homes that sold ranged from $189,900 to $599,000 and the corresponding sale prices ranged from $179,000 to $586,250.
None of these home sellers realized 100% or more of their list price in the single family home for sale market last week. On average sellers accepted 95.6% of the current listed price with the lowest accepted price reflecting 89.0.% . Four of the properties sold for $300,000 or less. In the Over $500,000. segment of the North Okanagan real estate market – 1 properties sold. No property valued at over $1,000,000 sold. The most expensive property for sale was a 3 bedroom 4 bath home on Brewer Road in Coldstream. It was on the market 11 days before it sold.
Strata properties for sale:
In the sector of Vernon BC and North Okanagan real estate that includes apartments, condos, and attached, semi detached and detached townhomes, 3 properties moved from for sale to sold status. These properties had current listings that averaged 202 days in length. However the range of days on the market shows listing times of 10,13 and 584 days! List prices were $129,900 to $419,900 with sale prices of $125,000 and $410,000.
On average - sellers accepted 97.6% of the current list price for strata homes. The amounts accepted were 96.2% to 98.9% of the last listed price.
For more details on the homes, lots, acreages, apartments and townhomes that sold please visit our Okanagan Market Stats web page to download free reports with the listing details.
See you online,
Brell ~ Brenda Ellis REALTOR with TheOkanaganRealEstateHub.com @ Century 21 Executives Realty Ltd
(250)550-2161 Direct Dial
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2