In today’s post – we look at the Adventure Bay sub area of Vernon BC real estate. Adventure Bay is among the higher end neighbourhoods in Vernon, with its larger lots, Okanagan Lakeshore, and sweeping lakeview properties. One thing to keep in mind in developing neighbourhoods such as Adventure Bay is that properties that are sold as building lots may then re-sell as executive or luxury homes. The added value in the property does not necessarily mean an increase in all real estate values in the neighbourhood nor does it mean that if none of these type home sold that values have dropped. ( see the price graph)
Adventure Bay 2010 Residential MLS Properties Sold (9) | |||||||
List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
Min | $249,000 | $239,000 | 30 | ||||
Max | $1,998,000 | $1,850,000 | 430 | 4 | 3 | 3599 | |
Avg | $841,078 | $784,889 | 172 | 3 | 3 | 2198 | |
Sum | $7,569,700 | $7,064,000 | |||||
The largest component of the sales in this neighbourhood were single family homes – making up 67% of the total number of transactions. Of the 6 homes sold 2 were listed as Single Family in Bare Land Strata homes and the remaining 4 were listed as Single Family.
Each of these real estate property classifications broke down as follows:
Adventure Bay 2010 Lots & Land Sold (2) | |||||||
List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
Min | $249,000 | $239,000 | 111 | ||||
Max | $1,200,000 | $1,000,000 | 190 | ||||
Avg | $724,500 | $619,500 | 151 | ||||
Sum | $1,449,000 | $1,239,000 | |||||
One lot was on the waterfront, featuring 80 feet of Okanagan Lake shore. The other was a .35 acre lot with lakeview.
Adventure Bay Homes Sold Sold (6) | |||||||
List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
Min | $525,900 | $531,000 | 30 | 3 | 3 | 2423 | |
Max | $1,998,000 | $1,850,000 | 359 | 4 | 3 | 3599 | |
Avg | $933,617 | $887,500 | 137 | 3 | 3 | 2941 | |
Sum | $5,601,700 | $5,325,000 | |||||
Adventure Bay 2010 Multi Family Homes Sold (1) | |||||||
List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
Sum | $519,000 | $500,000 | 430 | 3 | 2 | 2134 | |
Keep in mind as you look at the values that they reflect the entire residential sales category.
When looking at price points – it is more important to look at the trend than it is to look at the individual values. Remember that a single sale made or taken away changes the look of the graph... but not the values of the other properties sold.
See you online,
Brell ~ Brenda Ellis REALTOR ®
Your Okanagan Real Estate Umbrella
with Century 21 Executives Realty Ltd
(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
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