Here is a look at the residential real estate market of South Vernon, BC.
Status: Sold (34)
Finished Floor Area
MLS is 'OMREB'
Major Area is 'North Okanagan'
Sub-Area is 'SV - South Vernon'
Sold Date is 1/1/2017 to 12/31/2017
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'
The property mix in this report contains 32 homes, 1 apartment, and 1 recreation property.
South Vernon BC Key Performance Indicator Review 2017
Time frame for the chart above is from Jan 2011 to January 2018 and it depicts the absorption rate of real estate specific to the South Vernon BC sub area or neighbourhood with the North Okanagan zone. This area is bucking the general trend locally by having more inventory than current buyers are looking for.
Historic Look At South Vernon BC Real Estate Sales Volume
This chart reflects the MLS® property sales by month. You can see the number of sales rising consistently along with the seasonal variations - less sales in winter generally in this neighbourhood.
Historic Trend of Active Listings
You can see that the number of properties brought to the market in recent years is trending upward. The first chart we showed you - the absorption rate - is a direct result of the increase of properties coming to market in combination with the second chart - which shows the properties SOLD. Trends like this tend to favour sellers.
Historic Median / Average Days On Market Trends for South Vernon BC Residential Sales
This chart shows the comparison between the average days a property was on the market. ( From Activation to Final Subject Removal) in South Vernon. You can see that the days to sell are trending downward since 2015.
Historic Median Sale Price Trend for South Vernon BC, Vernon BC Residential Sales
The chart above shows the upward trend of the Median (middle of the market) sale price by month over the last 7 years. You can see the upward trend of sale prices. in this neighbourhood. We will help you look at WHAT sold to make sense of this if you just ask!
Thank you for taking the time to look at our South Vernon BC, Vernon BC market synopsis. Please feel free to share it with your friends and neighbours, and especially anyone you may know that might be looking for help selling or buying in South Vernon BC , Vernon BC.
Chris, Brent, Shelby, & Brell
REALTORS® along with the amazing
Diane, Kendra, Natalia and Yania