Feb. 18, 2019

With less than 6 months of active inventory - the overall market slightly favours sellers  - as long as the seller presents property that outshines it competition and is priced and positioned to sell.

Different sector of the market move at different rates - Homes on acreage for example have 35 choices for buyers and the same type of property posted only 2 sales in the last month - resulting in a BUYERS advantage with 17.5 months of inventory available.

Here is a look at the basic statistics for what sold:

Status: Sold (15)



List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$159,000
$154,000
6
2
1
890
Max
$999,000
$965,000
209
6
4
3795
Avg
$519,533
$511,179
66
3
2
2036
Sum
$7,793,000
$7,667,685


Criteria:  MLS is 'OMREB'
Major Area is 'North Okanagan' Sub-Area is 'AS - Armstrong/ Spall.'
Sold Date is 1/17/2019 to 2/17/2019



Status: Listings Activated (20)


List PriceSold PriceDOMBedsTotal BathsFinished Floor Area
Min$299,900$386,1003211080
Max$1,450,000$576,80031644454
Avg$629,690$508,20016422375
Sum$12,593,800$2,032,800


Status:  Activated and Sold (4)


List PriceSold PriceDOMBedsTotal BathsFinished Floor Area
Min$379,800$386,1006221377
Max$589,000$576,80027432915
Avg$513,400$508,20015332185
Sum$2,053,600$2,032,800
Status: Remaining Active (16) Of New Activations


List PriceSold PriceDOMBedsTotal BathsFinished Floor Area
Min$299,900-3211080
Max$1,450,000-31644454
Avg$658,763-16422423
Sum$10,540,200

Status is one of 'Active', 'Sold
'MLS is 'OMREB'
Major Area is 'North Okanagan  'Sub-Area is 'AS - Armstrong/ Spall.'
Activation Date is 1/17/2019 to 2/17/2019