Central Okanagan Real Estate Market Report Oct. 25, 2009

Real Estate Agent with OkanaganRealEstateUmbrella@Sutton Group Lakefront Realty

Here is our first overview of the real estate sales activity in Central Okanagan real estate. Each week we will provide a look at the last week of real estate activity This report covers properties where the status move from for sale to sold October 18 to October 25, 2009.

For more details on the homes, lots, acreages, apartments and townhomes that sold please visit our Okanagan Market Stats web page for free downloadable pdf reports.

Lots and Acreages for sale:

Only two lots for sale moved to sold status. The median or middle of the sales price was $195,500 on a median list price of $209,950. The sold prices ranged from $146,000 to $245,000. These lots were on the market actively listed for 253 and 26 days respectively. On Average the sellers accepted 94.1% of asking price for the lots sold.

No acreages were sold in Central Okanagan real estate last week.

Manufactured Homes for sale:

Five manufactured (mobile) homes sold during the week in the Central Okanagan. The median sale price of mobiles was $124,000 on median list price of $144,000. Sellers accepted an average of 91.3% of asking price after an average current list period of 135 days.

Single Family Residential Homes for sale:

In the past week, 36 homes for sale in Kelowna BC and the surrounding Central Okanagan communities moved to sold status.

These homes were on the market an average of 100 days and sold for median sales price of $434,500 on a median list price of $469,700. Listing prices for the homes that sold ranged from $229,000 to $1,899,000 and the corresponding sale prices ranged from $217,500 to $1,672,000.

One seller realized 100.4%  of their list price in the single family home for sale market. On average sellers accepted 95.2% of the current listed price with the lowest accepted price reflecting 88.% . Three of the properties sold for less than $300,000. In the Over $500,000. segment of the Central Okanagan real estate market - 12 properties sold. Two homes sold for more than $1,000,000, with one of these over $1,500,000 It was located in Lakeview Heights.

Strata properties for sale:

In the sector of Kelowna BC and Central Okanagan real estate that includes apartments, condos, and attached, semi detached and detached townhomes, 22 properties moved from for sale to sold status during this week. These properties had current listings that averaged 126 days in length. The middle or median list price was $284,450 and the median sale price was $279,450. Days on the market ranged from 13 to 461.

On average - sellers accepted 97% of the current list price for strata homes. Six of the properties sold for 100% or more of the list price The amounts accepted ranged from 90% to 108.7% of the last listed price. List prices ranged from $124,900 to $699,900 with sales of from $118,000 to $725,000. (and yes that is more than the list price for this Dilworth property built in 2007.)

For more details on the homes, lots, acreages, apartments and townhomes that sold please visit our Okanagan Market Stats web page to download free reports with the listing details.

See you online,

 Brell ~ Brenda Ellis REALTOR with TheOkanaganRealEstateHub.com @ Century 21 Executives Realty Ltd 

(250)550-2161 Direct Dial

(250)549-2103 Office Reception

1-877-227-4073 Toll Free


(250)308-4310 SMS

Century 21 Executives Realty Ltd.

2907 - 32nd St.

Vernon, BC  V1T 5M2


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