This synopsis is based on information generated from the OMREB database on Monday, June 28, 2010 at 9:00 am. An overview of each property sold is available for download here.
Thirty properties sold in North Okanagan, Vernon BC and area real estate between June 14th and June 20th.
Listing prices ranged from $99,000 - $849,900 with an average of $389,460
Sale prices ranged from $95,000 - $800,000 with an average of $375,122
Days on the market for the listings that sold ranged from 5 - 782 with an average of 129 days.
The total value of real estate traded in the North Okanagan Vernon BC area valued out at $11,253,67 over the 30 transactions. Sales included:
- 1 acreage
- 1 apartment
- 1 double wide manufactured home
- 3 half duplex units
- 4 building lots
- 1 recreational property with home
- 6 single family homes with acreage
- 8 single family homes
- 5 townhomes.
Neighbourhoods that had real estate sales activity included:
- Adventure Bay, Vernon BC
- Armstrong BC / Spallumcheen BC
- Bella Vista, Vernon BC
- Cherryville BC
- Coldstream BC
- Enderby BC / Grindrod BC
- East Hill, Vernon BC
- Foothills, Vernon BC
- Lumby Valley, Lumby BC
- Mission Hill, Vernon BC
- Okanagan Landing, Vernon BC
- Predator Ridge, Vernon BC
- Salmon Valley / Falkland BC
- City of Vernon, Vernon BC.
In this same period of time 87 listings were activated in the North Okanagan. The level of inventory continues to out pace the number of sales dramatically. This continues to exert downward pressure on pricing. We expect to have updated inventory and absorption rates next week from OMREB.
See you online,
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2