Sunday, January 13, 2013

Regional Real Estate Sales Pick Up in Week 2

Whale
January 13, 2013

Greetings on my last Sunday in Mexico. The photo above was take this morning in the Bahia de Navidad - and... if you look REALLY closely you might be able to see a Humpback Whale. We were lucky enough to catch a view as we had breakfast in Barra de Navidad. We think there was a recently born calf with this one.

Residential MLS® Properties Sold in Central Okanagan Jan. 13, 2013 
REALTORS® in the Central Okanagan reported 48 property sales between Jan. 7 - 13, 2013. The average sale price $489,014 which is higher than normal.

Residential MLS® Properties Sold in North Okanagan Jan. 13, 2013 
$276,337 was the average sale price reported on sales in the North Okanagan Zone January 7 - 13, 2013. 12 properties were reported sold by REALTORS®. 

Residential MLS® Properties Sold in Shuswap Jan. 13, 2013 
7 properties were reported sold Jan. 7 - 13 in the Shuswap Zone between Jan. 7 - 13, 2013. The average sale price reported this week was up, up, up at $407,571. 

 

Here is the real estate overview:

Wow! Big jump in activity now that we are getting our teeth into 2013! Let's see WHAT'S UP!?

 - The number of property sales - up 

- The Average price of property sold - up

and  the total value of all sales combined - up. Only key market indicator that declined was the average days to sell - and that fell only 1 day this week over last. 

Here are the results from our search of the Okanagan Mainline Real Estate Board database this morning, based on the following:

 

Criteria:  
Status is 'Sold'
Major Area is one of 'Central Okanagan', 'North Okanagan', 'Shuswap / Revelstoke'
Sold Date is 1/7/2013 to 1/13/2013

 

 

 

Okanagan Shuswap Residential MLS® Properties Sold (67) Jan. 7 - Jan. 13, 2013
List Price Sold Price DOM Beds Total Baths Finished Floor Area
Min $49,900 $45,000 7 1 1
Max $3,995,000 $3,100,000 412 6 6 6110
Avg $474,663 $442,421 129 3 2 2008
Sum $31,802,388 $29,642,214

 

Compared to last week: 

 

Okanagan Shuswap Residential MLS® Properties Sold (36) Dec. 31 - Jan. 6, 2013
    List Price Sold Price DOM Beds Total Baths Finished Floor Area
Min $124,900 $120,000 20 2 1  
Max $935,000 $890,000 461 6 5 5071
Avg $376,861 $360,175 130 3 2 2054
Sum $13,566,999 $12,966,302      

 

Properties reported as sold were comprised of the following types: 

Land: - Lots and Acreages  3 sold up from 1 sold, 

Manufactured Homes: - 0 sold down from 1 sold,  

Recreational: - 1 sold, up from 0 sold,  

Single Family Homes:- 45 sold, up from 23 sold,  

Apartments: 7 sold, up from 5 sold,   

Townhomes: 3 sold, down from 6 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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 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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