September 30, 2012
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The number of properties reported sold dropped with a THUD this week from 119 to 85.
Things almost went really sideways - with an error in a reported sale price - we eliminated that sale so that is why we show only 84 properties in our analysis.
OK... I adjusted the sales - Unless you believe someone actually paid $270,912,081 for a 2 bed 2 bath 1111 sq foot apartment at Shannon Lake....and if you do.. the Average sale price this week was $3,487,899. (NOT!)
| Okanagan Shuswap Residential MLS Properties Sold (84) Sept.24 - 30 '12 | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $17,000 | $14,500 | 8 | ||||
| Max | $1,599,000 | $1,500,000 | 905 | 5 | 5 | 4075 | |
| Avg | $321,567 | $304,277 | 149 | 3 | 2 | 1574 | |
| Sum | $27,011,599 | $25,559,300 | |||||
Compared to the week prior:
| Okanagan Shuswap Residential MLS Properties Sold (119) Sept. 17 - 23 | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $17,500 | $17,000 | 7 | 1 | 1 | ||
| Max | $975,000 | $945,000 | 1204 | 5 | 5 | 4878 | |
| Avg | $357,475 | $338,490 | 139 | 3 | 2 | 1833 | |
| Sum | $42,539,498 | $40,280,306 | |||||
Overall in the Okanagan Shuswap, these property sales broke down into the following categories:
Lots & Acreages: 7 sold, down from 8 sold,
Manufactured Homes: 8 sold, down from 12 sold,
Recreation: 0 sold,
Single Family Homes: 36 sold, down from 69 sold,
Apartments: 17 sold, up from 13 sold,
Townhomes: 17 sold, unchanged
The number of sales reported by REALTORS in the Central Okanagan (Kelowna and area) dropped substantially to 49 from 71 the week before. Average sale price dropped to $343,035 and the total sales volume was $16,808,700. (with the removal of one sale that was mis-reported for $270 Million.....)
25 residential MLS Properties were reported sold by REALTORS Sept. 24 - 30 in the North Okanagan (Vernon BC and surrounding areas) Total sales volume was Over $6.7 Million, and average sale price was $270,668.
The number of sales reported Sept. 24 - 30 by REALTORS dropped in the Shuswap, from 18 the week prior to only 10 this week. Average sale price dipped below $200,000 and the total value sold was less than $2 Million.
If you or anyone you know is looking for real estate services, I'd love to help.
Brell - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®
Sutton Group - Lakefront Realty
2749 30 Street, Vernon, BC, V1T 5C6
A growing team, a different approach...we are better together!
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