Residential Property Sales Slide Heading Into The Holiday

December 23, 2012

The fountain at Isla Navidad Golf Course in Mexico reminds us that what we focus on is what we see.

Back in the Okanagan Shuswap - Snow piles up and sales slow down....

Average sale price across the region was $347,775, down from $350,710 last week. Accordinly, the total volume reported for the 70 sales transactions was also down about $4 Million dollars. The number of properties reported sold was down to 70 from 78, with the largest decline in the Shuswap

Okanagan Shuswap Residential MLS® Properties Sold (70) Dec. 17 - 23, 2012
List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
Min	$49,900	$44,000	10	1	1
Max	$2,199,000	$2,000,000	834	6	5	3991
Avg	$366,730	$347,755	148	3	2	1685
Sum	$25,671,100	$24,342,823

Compared to last week: 

Okanagan Shuswap Residential MLS® Properties Sold (78) December 10 -16
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$19,900	$12,000	14	1
	Max	$1,897,000	$1,750,000	1361	6	5	4809
	Avg	$368,460	$350,710	148	3	2	1772
	Sum	$28,739,899	$27,355,400

Properties reported as sold were comprised of the following types:

Land: - Lots and Acreages 10 sold, up from 8 sold, 

Manufactured Homes: - 1 sold, down from 2 sold,  

Recreational: - 0 sold, down from 2 sold, 

Single Family Homes:- 41 sold, up from 39 sold, 

Apartments:- 9 sold, down from 16 sold, 

Townhomes:- 9 sold, down from 11 sold, 

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

 

All data from the OMBREB Database. Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo 

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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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