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October 22, 2018 North Okanagan Property Sales Update

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 3 minutes read

Weekly Top Property -     198 Sarsons Road, Coldstream, V1B 2M4   

This vacant 18.24 acre lot, was listed on the market for $2,995,000.  It sold in 693 days, for $2,581,280.

            
Marketed as:

Priceless Development Property - none other like it in Coldstream and Greater Vernon Area, OCP designation for future Multi-Family and single family residential housing. Borders on the new Middleton Mountain Park and trails. Perfect location for a new subdivision close to planned Aberdeen Shopping Mall. This 18.24 acres was an old gravel pit, but now it offers a blank slate for a creative developer, it is a gem and has a variety of potential building sites based on topography and views of the valley. Present owners are investigating re-zoning requirements and ready to share information on a confidential basis with serious potential buyers. Municipal water, gas, electricity, telecommunications, available at lot line, sewer options need to be investigated and put in by developer.

Based on 2018 taxes = $4,005

Here is a look at the basic statistics for residential real estate sales:

Status: Sold (31)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$69,900
$67,000
12
2
1

Max
$2,995,000
$2,581,280
693
5
5
6116
Avg
$523,190
$498,552
103
3
3
1718
Sum
$16,218,900
$15,455,105




Criteria: 

MLS is 'OMREB'
Major Area is 'North Okanagan'
Sold Date is 10/15/2018 to 10/21/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'

Compared to last week

Status: Sold (35)



List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$44,900
$40,500
16
1
1

Max
$2,698,000
$2,490,000
384
5
5
4677
Avg
$491,208
$468,717
91
3
2
1831
Sum
$17,192,289
$16,405,100




 

Breakdown of the Sales for the Week
Lots & Acreages

3

Manufactured Homes

2

Recreational

0

Single Family Residential

16

Strata - Apartments

3

            - Townhouses

7

Considering Buying or Selling?

We've got the most up-to-date details on what's selling where at our finger tips

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