August 2017

Shuswap Zone (Salmon Arm to Revelstoke):

The largest drop in active inventory year over year in August occurred in the Shuswap zone, with almost 17% fewer properties available for buyers to purchase.

1194 Beatrice Road, Lee Creek, V0E 1M4
MLS® #:10127811Status:Sold

Zone:Shuswap / RevelstokeSub Area:NS - North Shuswap
  
Price:$1,395,000
Orig Price:$1,395,000
Sold:$1,255,000
Days:225

Beatrice Rd is one of the most sought after locations on the Shuswap due to the fact that it is on the North side of the lake but is only minutes from the TCH. It is also just a short hop to the Talking Rock golf course at Squilax. This is 100' of high quality waterfront with gorgeous beach and an incredible view eastward up the lake. The 1500 sq/ft home has 3 bdrms up and a 4th located on the lower level which has a further 1500 sq/ft. The home has been totally renovated in the past year and is like new. There is also a separate 2 car garage on the 1/2 acre lot. The only problem you might have if you retire here is the kids visit too often!!


 

 

Here are the numbers from OMREB, for the Shuswap Revelstoke residential MLS® real estate market in August 2017.  The following charts are based on August 1st - 31st. 

Shuswap Real Estate Market Update for August 2017

Condo Apartment
 
Listings Sold
 5
New Listings
 12
Current Inventory
 47
Absorption Rate Sell/List
 10.64%
Months of Inventory on Hand
  9  Months
Days to Sell (Average)
 94
Days to Sell (Range)
  26 to 186
Average Sale Price
$251,600
Median Sale Price
$225,000
Range of Sales Prices
$190,000 - $350,000

Hottest Neighbourhood
 North East Salmon Arm
Condo Townhouse
 
Listings Sold
 11
New Listings
 13
Current Inventory
 46
Absorption Rate Sell/List
 23.91%
Months of Inventory on Hand
  4 Months
Days to Sell (Average)
 105
Days to Sell (Range)
  11 to 497
Average Sale Price
$312,264
Median Sale Price
$315,000
Range of Sales Prices
$180,000 - $427,000

Hottest Neighbourhood
 Sicamous
Building Lot
 
Listings Sold
 28
New Listings
 32
Current Inventory
 359
Absorption Rate Sell/List
 7.80%
Months of Inventory on Hand
   13 Months

Days to Sell (Average)
 183
Days to Sell (Range)
  2 to 1,650
Average Sale Price
$149,945
Median Sale Price
$135,000
Range of Sales Prices
$11,000 - $562,500

Hottest Neighbourhood
  North Shuswap

Residential Homes
 
Listings Sold
 72
New Listings
 82
Current Inventory
 247
Absorption Rate Sell/List
 29.15%
Months of Inventory on Hand
   3 Months

Days to Sell (Average)
 58
Days to Sell (Range)
  5 to 225
Average Sale Price
$463,186
Median Sale Price
$432,500
Range of Sales Prices
$165,000 - $1,255,000
Hottest Neighbourhood
 North East Salmon Arm

Ratio of Sales vs Inventory      20.03%

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