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.
| 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 | |||||
| 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,
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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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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