North Okanagan – Residential Real Estate Recap for the 7 days ended October 22, 2017

47 property sales were reported this week in the North Okanagan area.  This week during October 16th – 22nd, sale prices ranged from $72,900 to $1,540,000.  The average price was $512,247.  Number of days on the market ranged from 1 to 1,174. The average amount of days were 117.
Basic Statistics

Status: Sold (47)



List Price

Sold Price

DOM

Beds

Total Baths

Finished Floor Area

Min

$79,900

$72,900

1

2

1


Max

$1,650,000

$1,540,000

1174

6

5

4463

Avg

$533,083

$512,247

117

4

3

2011

Sum

$25,054,900

$24,075,588





Criteria:   

MLS is 'OMREB'
Major Area is 'North Okanagan'
Sold Date is 10/16/2017 to 10/22/2017
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'

Compared to last week


Status: Sold (54)



List Price

Sold Price

DOM

Beds

Total Baths

Finished Floor Area

Min

$79,500

$69,500

1

2

1


Max

$924,500

$890,000

990

5

5

4638

Avg

$427,756

$416,079

109

3

2

1729

Sum

$23,098,800

$22,468,288







Weekly Top Property -  257/259 Irish Creek Road, Vernon, V1T 7Z3


Marketing remarks:

Private retreat acreage.  201 acres on adjoining parcels 137 and 64, of which approx. 60 acres are cultivated and irrigated. The home is a large very well maintained rancher with 5 beds and 4 bathrooms on 2 levels. New flooring and paint thru-ought with full walk-out basement. The main level has the masterbedroom with 3 pce. ensuite bath, contemporary kitchen open to the dining room. The home is heated with radiant hot water, fired by a remote wood boiler with electric back-up. In-ground 20'x40' pool is the hi-lite of the back yard. There is a cute 650 sq ft cottage for guests or revenue. The outbuildings consist of 36'x 60' Stable with 8 boxstalls and tack room, 2 Hay Covers both 34'x72' and older Shop/Equipment Shed. There are 2 irrigation wells on the property delivering water to 5" buried mainline. The 137 acre parcel has the homes and out-buildings with the 64 acres having some hay/pastureland but is mostly treed.


This week’s top sale is located on Irish Creek Road in Vernon.  Built in 1984, this rancher with basement comes with 5 bedrooms and 5 washrooms.  It has 4,463 finished floor area, and is on a 201.95 acre lot.  The original price for this rancher was $1,650,000.  In 42 days, it was purchased for the price of $1,540,000.  According to the history data of the property, it’s been indicated that this is the first time it has been listed on the market.

Breakdown of the Sales for the Week

Lots & Acreages

6

Manufactured Homes

2

Recreational 

0

Single Family Residential

34

Strata - Apartments

1

           - Townhouses

4