Sales ebb slowly again in Residential MLS

November 11, 2012

The downward trend of reported sales continued this past week, dropping to 86 from 101 the week prior. Also down this week were the average sale price and the total combined value of all sales. The most expensive property sold was higher, however, coming in at $2,625,000 an increase of over $300,000. 

All data is from the Okanagan Mainline Real Estate Board database.  

Okanagan Shuswap Residential MLS Properties Sold (86) Nov. 5 - 11, 2012
List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
Min	$15,000	$7,500	15	1
Max	$2,777,000	$2,625,000	1326	6	5	5212
Avg	$343,333	$326,459	143	3	2	1707
Sum	$29,526,600	$28,075,448

 

 Compared to:

Okanagan Shuswap Residential MLS Properties Sold (101)
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$29,900	$26,000	10	1
	Max	$2,399,000	$2,320,000	1321	6	5	5678
	Avg	$376,035	$358,909	148	3	2	1832
	Sum	$37,979,497	$36,249,839

 Properties reported as sold were comprised of the following types:

Land: - Lots and Acreages      7 sold, unchanged

Manufactured Homes: - 6 sold, down from 7 sold

Recreational: - 0 sold

Single Family Homes:- 45 sold, down from  66 sold

Apartments:-  12 sold, up from 10 sold

Townhomes:- 16 sold, up from 10 sold

 

In the North Okanagan,$6,354,148 in total sales volume was reported Nov. 5 - 11 in Vernon BC and area residential real estate sales. A total of 21 properties were reported sold last week by Realtors. Average sale price was $302,578. 

$19,379,800 in combined property values were reported as sold in Kelowna BC area residential MLS residential real estate. Realtors reported 54 sales in the Central Okanagan, with the average sale price being $358,885

In the Shuswap Revelstoke zone, total sales volume equalled $2,341,500 last week. Realtors reported a total of 11 residential MLS property sales. Average sale price last week was $212,864 

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

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

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