Shuswap Real Estate Market Report -October 25, 2009

By
Real Estate Agent with OkanaganRealEstateUmbrella@Sutton Group Lakefront Realty

Here is our first overview of the real estate sales activity in Shuswap. Information presented here reflects real estate activity from October 18 to October 25, 2009.

Lots and Acreages for sale:

No lots or bare land acreages were sold in Shuswap real estate last week.

Manufactured Homes for sale:

One manufactured (mobile) home sold during the week in the Shuswap. The sale price was $110,000 on a list price of $129,900. Sellers accepted 84.7% of asking price after a current list period of 134 days.

Single Family Residential Homes for sale:

In the past week,5 homes for sale in Shuswap communities moved to sold status.

These homes were on the market an average of 74 days and sold for median sales price of $286,000 on a median list price of $289,900. Listing prices for the homes that sold ranged from $249,900 to $525,000 and the corresponding sale prices ranged from $245,200 to $462,500.

No sellers achieved 100% of their list price in the single family home for sale market. On average sellers accepted 95.7% of the current listed price with the lowest accepted price reflecting 88.1% . Three of the properties sold for less than $300,000. There was no sales in the above $500,000 market.

Strata properties for sale:

In the sector of Shuswap real estate that includes apartments, condos, and attached, semi detached and detached townhomes, 1 property moved from for sale to sold status during this week. This property had current listing that was 195 days in length. The list price was $375,000 and the  sale price was $355,000.

In this strata property the - seller accepted 94.7% of the current list price for the home.

We will be adding a Shuswap Market Stats page to our site so that you can download details on the properties that sold. We hope to have this in place by next week.

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.

Kelowna, BC  V1T 5M2

 

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