Winding Up 2012 Weekly Reports

December 30, 2012

 

Here it is - our last weekly report on the local real estate market for 2012. Naturally, with the holidays observed by most - the volume of sales dropped by almost 2/3's of the previous week. This slowdown will likely stabilize after next week - into a normal winter level as people get back to the reality of life in the New Year.

 Average sale price across the region was pretty stable at $343,610 compared to $347,775,  last week. With the total volume reported on only 23 sales transactions,  overall Value was down about $16 Million dollars. The Central Okanagan far outpaced the North Okanagan and Shuswap  with 18 sales, compared to 4 and 1 respectively.

 

Okanagan Shuswap Residential MLS® Properties Sold (23) Dec. 24 - Dec. 30, 2012
List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
Min	$34,900	$33,500	17	1	1
Max	$799,900	$726,000	320	5	4	2985
Avg	$361,578	$343,610	126	3	3	1717
Sum	$8,316,298	$7,903,025

 

 Compared to last week:

 

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

 

Properties reported as sold were comprised of the following types:

Land: - Lots and Acreages 1 sold, down from 10 sold, 

Manufactured Homes: - 1 sold,  unchanged

Recreational: - 0 sold,  unchanged

Single Family Homes:- 14 sold, down from 41 sold,  

Apartments:- 4 sold, down from 9 sold,  

Townhomes:- 3 sold, down from 9 sold,

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

 Only 4 properties were reported as Sold in the North Okanagan Dec. 24 - 30, with a combined sales value of $1,213,500. Average sale price was $303,375 and average days to sell equalled 166. 

A combined sales total of $6,366,525 was reported between Dec. 24 - Dec. 30 for the Central Okanagan Residential MLS®. Average days to sell on the 18 properties that moved to sold status was 107. Average sale price was $353,696 

Only 1 property was reported sold in the Shuswap Dec 24 - 30. This home in Blind Bay sold for $323,000 after 313 days on the market. 

Later in the week - we will begin our 2012 Neighbourhood Real Estate Reporting Reviews so check back often for more details. 

 

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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 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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