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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.  
       
             Marketed as:

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.


Based on 2018 taxes = $8,957

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:




MLS is 'OMREB'
Major Area is 'Central Okanagan'
Sold Date is 8/20/2018 to 8/26/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'

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

 

 



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