This week’s overview of Central Okanagan real estate sales activity covers the period from October 26, 2009 to November 1, 2009. During this time 73 properties moved from for sale to sold status.
Lots and Acreages for sale:
Four building lots for sale moved to sold status. The median or middle of the sales price was $250,000 on a median list price of $264,950. The sold prices ranged from $155,000 to $340,000. These lots were on the market actively listed for a range of between 8 and 257 days making the average list time for lots sold equal 114 days. On average the sellers accepted 91.1% of asking price for the lots sold with the highest percentage being 98.2% and the lowest being 85.2%
No acreages were sold in Central Okanagan real estate last week.
Manufactured Homes for sale:
Only one manufactured (mobile) homes sold during the week in the Central Okanagan. The sale price of mobiles was $109,800 on a list price of $109,800. Sellers received 100% of asking price after an average current list period of 135 days. This property was in West Kelowna, Shannon Lake.
Single Family Residential Homes for sale:
In the past week, 42 homes for sale in Kelowna BC and the surrounding Central Okanagan communities moved to sold status.
These homes were on the market an average of 98 days and sold for median sales price of $440,000 on a median list price of $457,400. Listing prices for the homes that sold ranged from $229,000 to $1,498,000 and the corresponding sale prices ranged from $210.000 to $1,280,000.
Two sellers realized 100% of their list price in the single family home for sale market. On average sellers accepted 96% of the current listed price with the lowest accepted price reflecting 84.% . Three of the properties sold for less than $300,000. In the Over $500,000. segment of the Central Okanagan real estate market – 15 properties sold. Two homes sold for more than $1,000,000. The most expensive property sold this week was located in the Dilworth Mountain neighbourhood.
Strata properties for sale:
In the sector of Kelowna BC and Central Okanagan real estate that includes apartments, condos, and attached, semi detached and detached townhomes, 26 properties moved from for sale to sold status during this week. These properties had current listings that averaged 56 days in length. The middle or median list price was $292,900 and the median sale price was $292,900. - which is odd. Days on the market ranged from 13 to 461.
On average - sellers accepted 96.7% of the current list price for strata homes. Seven of the properties sold for 100% or more of the list price The amounts accepted ranged from 88% to 107.6% of the last listed price. List prices ranged from $189,800 to $665,000 with sales of from $176,000 to $627,000.
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.
Kelowna, BC V1T 5M2
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