August 2017

Residential Real Estate inventory continues to decline in the North Okanagan ( Vernon BC and area) with over 14% fewer properties available for purchase compared to August 2016.

North Zone : (Predator Ridge to Enderby): 

Top Sale:

#4 7769 Okanagan Landing Road, Vernon, V1H 1H2
MLS® #:10129974Status:Sold

Zone:North OkanaganSub Area:OL - Okanagan Landing
  
Price:$1,558,000
Original  Price:$1,558,000
Sold:$1,450,000
Days:168

Carefree low maintenance WATERFRONT LIVING! One of the best locations in Vernon, lake and boat dock steps away! This impressive 2,487 sq. ft., 3 bdrm, 3 bath home features a great open floor plan with lake views from every room. Private large master bdrm upstairs with spa like ensuite, den, vaulted ceilings and private balcony overlooking the peaceful lake. The gourmet kitchen offers marble counter-tops, walnut hardwood floors, custom cabinetry and stainless steel appliances with gas stove. Enjoy the French doors leading to your own private deck and yard overlooking your own boat slip and moorage. This small gated community gives you security and is professionally maintained allowing you to relax and enjoy your home with no maintenance to do. Double car garage, air condit., retractable screens on all doors, gas fireplace, concrete dock and more. Enjoy the sandy beach right in front of your home. A fabulous opportunity to own waterfront at an affordable price.


Here is a look at the numbers from OMREB - for the North Okanagan Residential MLS® real estate market in .  The following charts are based on  August 1st - 31st  #social-add# 

Monthly Sales statistics are based on the sales reported by real estate offices on or before the last day of the month. 

Condo Apartment
 
Listings Sold
 23
New Listings
 21
Current Inventory
 84
Absorption Rate Sell/List
 27.38%
Months of Inventory on Hand
  4 Months
Days to Sell (Average)
 57
Days to Sell (Range)
 9 to 265
Average Sale Price
$214,655
Median Sale Price
$212,000
Range of Sales Prices
$100,000 - $335,000

Hottest Neighbourhood
 Vernon City


 

Condo Townhouse
 
Listings Sold
 34
New Listings
 43
Current Inventory
 94
Absorption Rate Sell/List
 36.17%
Months of Inventory on Hand
  3 Months
Days to Sell (Average)
 92
Days to Sell (Range)
 8 to 880
Average Sale Price
$323,760
Median Sale Price
$289,500
Range of Sales Prices
$121,900 - $930,000

Hottest Neighbourhood
 Okanagan Landing
Building Lot
 
Listings Sold
 14
New Listings
 48
Current Inventory
 368
Absorption Rate Sell/List
3.80%
Months of Inventory on Hand
  26 Months

Days to Sell (Average)
 297
Days to Sell (Range)
  1 to 958
Average Sale Price
$220,950
Median Sale Price
$190,000
Range of Sales Prices
$31,000 - $860,000

Hottest Neighbourhood
  Lumby Valley

Residential Homes
 
Listings Sold
 131
New Listings
 148
Current Inventory
 362
Absorption Rate Sell/List
 36.19%
Months of Inventory on Hand
   3 Months

Days to Sell (Average)
 52
Days to Sell (Range)
  1 to 407
Average Sale Price
$466,475
Median Sale Price
$437,750
Range of Sales Prices
$170,000 - $1,450,000
Hottest Neighbourhood
 East Hill

Ratio of Sales vs Inventory      26.68%


 Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo