November 2017

Top Home Sale in Central Okanagan


1669 Lakestone Drive, Lake Country, V4V 2T4

This Lake Country South West home built in 2015 was offered for the first time on MLS® at $2,599,000 and was sold in 61 days for $2,362,000. 

It was marketed as 


INFINITY POOL WITH LAKE VIEWS! Okanagan living does not get better than this! This gorgeous custom build features 4 bdrms + Office, 6 baths and almost 5400 sq ft. The layout was perfectly created to capture the amazing lake views and southern exposure with large view windows and sliding doors from all rooms on the pool/deck side. The Kitchen is simply impressive with custom solid walnut cabinets, walnut faced fridge, Miele fridge freezer and built-in double wall oven, Wolf gas range & Butler's pantry. To top it off, the indoor/outdoor bar feature in the kitchen easily brings the outdoors in; making it a breeze to enjoy the hot summer evenings to the fullest. The Master retreat has a custom tile shower with dual rain shower heads, deep soaker tub with lake views and large walk-in closet with built-ins. The outdoor space is an oasis; amazing infinity pool, hot tub, outdoor kitchen, lots of lounging and entertaining space and fully landscaped. Make every day a staycation!

Now on to our regularly scheduled real estate market statistics based  MLS® sales reported by REALTORS®  November 1st -  30th 2017.


Condo/Apartments

Sales

112

New Listings

144

Current Inventory

313

Number of Months

3

Sell/Inv. Ratio

35.78%

Days to Sell

52

Days – Range

4 to 292

Average Price

$334,106

Median Price

$319,450

Price - Range

$97,500  -  $869,900

Hottest Neighbourhood

Kelowna North



Condo/Townhouses

Sales

49

New Listings

73

Current Inventory

183

Number of Months

4

Sell/Inv. Ratio

28.78%

Days to Sell

58

Days – Range

9 to 425

Average Price

$469,053

Median Price

$445,000

Price - Range

$230,000  -  $867,000

Hottest Neighbourhood

Springfield/Spall


Lots & Acreages

Sales

55

New Listings

88

Current Inventory

348

Number of Months

6

Sell/Inv. Ratio

15.80%

Days to Sell

66

Days – Range

7 to 488

Average Price

$285,126

Median Price

$178,125

Price - Range

$55,000  -  $3,400,000

Hottest Neighbourhood

Lake Country South West


Central Okanagan Home Sales by Price Point YTD 

Time frame is from Jan 2016 to Dec 2017
Property Type is 'Single Family Residential
MLS is 'OMREB'
Major Area is 'Central Okanagan'

Residential

Sales

189

New Listings

270

Current Inventory

759

Number of Months

4

Sell/Inv. Ratio

24.90%

Days to Sell

50

Days – Range

5 to 391

Average Price

$674,598

Median Price

$610,000

Price - Range

$250,500  -  $2,362,000

Hottest Neighbourhood

Rutland South


Ratio of Sales vs Inventory                 26.45%