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North Okanagan Real Estate Report - July 9, 2018
Weekly Top Property - 0 Bella Vista Road, Vernon, V1T 6M2
Top sale of the week for North Okanagan: Bella Vista Road located in Vernon. This 519.53 vacant acre lot was listed on the market for $7,995,000. It sold for $7,100,000. 
Agricultural land - 519 acres set in the rolling grassland hills above Okanagan lake. Well suited for GRAPES or CHERRIES, this is a great area for agricultural use, as a holding format. Expansive views in all directions. Adjacent to The Rise Golf Course. There is not any opportunity to develop this property at present. 9.3 hectares of irrigation currently in place on subject properties. Additional irrigation may be purchased at the cost of $6,000 per hectare, plus required offsite costs to upgrade capacity. There is intensive residential development adjacent at The Rise, as well as further down the road at Canadian Lakeview and Adventure Bay likely indicating that residential development will likely occur at a future date.
Based on 2017 taxes = $161
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (45) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $84,900 | $75,000 | 11 | 1 | |||
| Max | $7,995,000 | $7,100,000 | 484 | 5 | 4 | 3930 | |
| Avg | $617,231 | $589,826 | 74 | 3 | 2 | 1728 | |
| Sum | $27,775,399 | $26,542,150 | |||||
Criteria:
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Compared to last week
| Status: Sold (36) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $28,900 | $24,000 | 1 | 1 | 1 | ||
| Max | $1,195,000 | $1,130,000 | 117 | 6 | 6 | 4561 | |
| Avg | $472,836 | $465,453 | 40 | 3 | 2 | 1877 | |
| Sum | $17,022,099 | $16,756,300 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 4 |
| Manufactured Homes | 4 |
| Recreational | 0 |
| Single Family Residential | 26 |
| Strata - Apartments | 3 |
| - Townhouses | 8 |