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Central Okanagan Real Estate Report August 27, 2018
More real estate sales reported this week in the Central Okanagan as well as the overall combined sales volume, but the average sale price was down - in the Mid $550,000 range.
Weekly Top Property – #10 2368 Abbott Street, Kelowna, V1Z 9G7
This house has a 2,065 finished floor area, built in 1989. 3 bedrooms and 3 baths on a 0.17 acre lot. Listed on the market for $ 2,599,000. It sold in 112 days, for $ 2,450,000.
Lakefront unit. Exceptionally re-designed and completely remodelled home! Highest of quality in finish and design, top-of-the-line appliances, luxury master suite, double garage, two additional bedrooms, 3 full bathrooms, glass wine storage area, outdoor kitchen area on spacious lakeside patio. Outstanding view of the lake. Gated neighborhood.
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (116) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $49,000 | $45,000 | 3 | 1 | |||
| Max | $2,599,000 | $2,450,000 | 431 | 7 | 5 | 4985 | |
| Avg | $577,850 | $553,801 | 77 | 3 | 2 | 1707 | |
| Sum | $67,030,551 | $64,240,873 | |||||
Criteria:
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Compared to last week
| Status: Sold (100) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $79,900 | $77,000 | 3 | 1 | |||
| Max | $5,998,000 | $5,745,000 | 198 | 7 | 6 | 5411 | |
| Avg | $619,970 | $602,484 | 50 | 3 | 2 | 1873 | |
| Sum | $61,996,998 | $60,248,375 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 2 |
| Manufactured Homes | 5 |
| Recreational | 0 |
| Single Family Residential | 51 |
| Strata - Apartments | 39 |
| - Townhouses | 19 |