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North Okanagan Monthly Real Estate Report

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Oct 29 4 minutes read

December 2017

 Top Sale 80 Ravine Drive, Coldstream, V1B 4C9

This home, built in 2011, boasts over 7600 square feet of living space to house its 6 bedrooms and 7 baths. Original asking price for this home ( first time on the market) was $2,590,000 and sold within 70 days on the market for $2,550.000.

With tax assessment notices in the mail - I want to note that the tax valuation for this home in 2017 was a mere $1,503,000!  (More on tax assessed value versus market value in a later post. ) In the mean time - if you have questions about the market value of your home, Contact us. 

Marketed as:  Ride, hike or camp right out your back door! This 5 acre dream property borders Crown Land & has multiple garages for your toys, shop & vehicles + a gorgeous 6 bed home includes 1 bed carriage suite above the triple garage and heated saltwater infinity pool! Gated & completely fenced yard boasts beautiful landscaping, garden beds & fire pit. Amazing views over the Coldstream Valley & Kalamalka Lake! Custom owner built home w/stunning craftsmanship throughout! Granite counters, exposed beams, custom solid wood cabinets & mill work, engineered hardwood, marble tile, cork, in-floor heat, Control4 Home Automation System, 8' solid doors, security & camera system, indoor/outdoor sound system…! Luxury master suite is designed to enjoy the view from your bed and the spa-inspired ensuite offers a freestanding soaker tub, marble steam shower w/body sprays & custom walk-in closet! Extend living space to the large view deck or lower level complete w/wet bar, family & games rooms & poolside patio!


Here is a look at the North Okanagan residential real estate stats based information provided by REALTORS® to OMREB from December  1st -  31st   2017.

Condo/Apartments

Sales

8

New Listings

7

Current Inventory

55

Number of Months

7

Sell/Inv. Ratio

14.55%

Days to Sell

103

Days – Range

19 to 316

Average Price

$177,113

Median Price

$153,950

Price - Range

$115,000  -  $317,500

Hottest Neighbourhood

Vernon City


Condo/Townhouses

Sales

21

New Listings

17

Current Inventory

63

Number of Months

3

Sell/Inv. Ratio

33.33%

Days to Sell

59

Days – Range

6 to 405

Average Price

$341,076

Median Price

$357,000

Price - Range

$155,000  -  $649,900

Hottest Neighbourhood    

Harwood


Lots & Acreages

Sales

14

New Listings

8

Current Inventory

294

Number of Months

21

Sell/Inv. Ratio

4.76%

Days to Sell

155

Days – Range

13 to 498

Average Price

$311,146

Median Price

$252,250

Price - Range

$74,000  -  $770,000

Hottest Neighbourhood    

North BX


Residential

Sales

57

New Listings

44

Current Inventory

213

Number of Months

4

Sell/Inv. Ratio

26.76%

Days to Sell

65

Days – Range

2 to 740

Average Price

$496,691

Median Price

$484,000

Price - Range

$216,500  -  $2,550,000

Hottest Neighbourhood    

Coldstream


Ratio of Sales vs Inventory                 20.24%


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