Okanagan Shuswap Real Estate

Sales Transactions Hold Steady (174) Average price = $369,085

May 19,  2013

While the number of sales transactions from week to week only increased by one, the average sale price reported was up slightly more than $26,500. This is attributed to the shift in the property mix with 27 more single family homes selling this week compared to last - absorbing a higher percentage of overall sales. 

 All types of property including lots and acreage, manufactured homes, recreation properties, all single family home types and strata properties ( apartments, condos and town homes) are included in this report.

The board area  stretches from Revelstoke through Peachland and these numbers relate to all MLS® residential property types.

Based on the OMREB database sales reported May 13-19, 2013:

Compared with the week before where we reported: 

 Up from last week, where the numbers showed:

Okanagan Shuswap property sales broke down into the following categories: 

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate. 

Land: - Lots and Acreages:  9 sales, down from 17 sales, 

Manufactured Homes: - 4 sales, down from 13 sales,  

Recreational: - 1 sale, unchanged 

Single Family Homes : 117 sales, up from 90 sales,  

Apartments: 18 sales, down from 23 sales,      

Townhomes: 25 sales, down from 29 sales,   

  

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

     

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In the Central Okanagan the results looked like this: 

Central Okanagan MLS® Property Sales (111)
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$69,900	$66,000	2	1
	Max	$1,399,000	$1,282,000	501	7	5	4641
	Avg	$400,266	$386,608	89	3	3	1976
	Sum	$44,429,476	$42,913,502

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 5/13/2013 to 5/19/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 

Compared to last week, where the numbers were:

Central Okanagan MLS® Property Sales (116) May 6 - 12, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$25,000	$20,000	12	1	1
	Max	$3,850,000	$3,850,000	726	6	7	9932
	Avg	$391,068	$377,769	142	3	2	1751
	Sum	$45,363,930	$43,821,152

Criteria:	Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 5/6/2013 to 5/12/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

  In the Central Okanagan, the property mix was: 

 

Land: 3 sales, down from 10 sales, 

 

Manufactured Home: 3 sales, down from 8 sales,   

Recreation: 1 sale, up from No sales, 

Single Family Homes: 74 sales, up from 58 sales, 

Apartments: 15 sales, down from 18 sales, 

Townhome: 15 sales, down from 22 sales, 

 

 

 

 

In the North Okanagan, Vernon BC Real Estate Area reported sales were:

North Okanagan Residential MLS® Property Sales (40)
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$79,900	$73,000	8	1	1
	Max	$875,000	$860,000	374	6	4	4635
	Avg	$357,592	$341,255	123	3	2	1783
	Sum	$14,303,699	$13,650,205

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 5/13/2013 to 5/19/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 

Whereas last week we reported: 

North Okanagan Residential MLS® Property Sales(38) May 6-12, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$55,000	$50,000	10	2	1
	Max	$799,999	$755,000	1505	5	4	3216
	Avg	$311,274	$296,600	202	3	2	1563
	Sum	$11,828,399	$11,270,800

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 5/6/2013 to 5/12/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 The following types of properties make up the reported sales:

Land: 3 sales, down from 5 sales, 

Manufactured Homes:- No sales, down from 2 sales, 

Recreation:- 0 sales, unchanged

Single Family Homes: 24 sales, unchanged

Apartments: 2 sales,  unchanged

Townhomes: 8 sales, up from 5 sales, 

 

 

Up in the Shuswap, the residential MLS@ Sales Report looked like this:

Shuswap Revelstoke Residential MLS® Property Sales (23) May 13-19, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$80,000	$70,000	13	1	1
	Max	$675,000	$650,000	1109	4	3	3637
	Avg	$358,657	$332,913	163	3	2	1633
	Sum	$8,249,100	$7,657,000

Criteria:	Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 5/13/2013 to 5/19/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 And last week the report was:

Shuswap Revelstoke Residential MLS® Property Sales (19) May 6 -12, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$29,500	$28,000	3	1	1
	Max	$449,900	$425,000	661	5	3	2846
	Avg	$233,663	$219,626	166	3	2	1331
	Sum	$4,439,600	$4,172,900

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 5/6/2013 to 5/12/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

   

First Time Buyers Lead Homebuyers in April.

The results of OMREB's APRIL 2013 Buyers Survey are just in. During the month of April, there was substantial increase in purchases by First-Time Buyers and a nominal bump-up in Revenue Property by Investors, while other catagories saw a drop or remained the same as the previous month. 

A total of 226 respondents participated in this survey – representing 58% of the 392 OMREB sales representatives who acted as Buyers Agents, and 38% of the 595 deals closed on behalf of Buyers in April. While this data is collected voluntarily and does not comprise all sales, it is the only data we have about who is purchasing what for Okanagan Shuswap.

APRIL SURVEY SUMMARY

Property Type:
25.9% by First Time Buyers  (up from 16.2 in March)*
18.6% of purchases were by Move-Up Buyers  (down from 24.6% )
11.8% buying Revenue/Investment Property  (up from 10.6%)*
10.5% moving from Single Family Home to Strata Unit  (same as March – 10.6%)
5.5% moving into Retirement Home/Seniors Community  (down from 7.8%)
4.5% moving from Strata property to Single Family Home  (down from 6.1%)

* During the month of April, there was substantial increase in purchases by First-Time Buyers and a nominal bump-up in Revenue Property purchases by Investors, while other categories saw a drop or remained the same as the previous month.

Buyer Type (Family Dynamic):
24.8% Two Parent Family/Children (up from 23.1% in March)**
22.6% Empty Nesters/Retired (down from 27.5%)
21.7% Couple without Children (down from 25.8%) 
12.8% Single Male (up from 7.7%)**
10.6% Single Female (down from 12.6%)
5.3% Single Parent with Children (up from 2.2%)**

** In April, there was an increase in purchases by Two Parent Families with Children, and a significant rise in purchases by Single Males and Single Parents with Children, while other categories saw decreases.

Moving From: 
56.6% from Within OMREB Board Area  (down from 57.6% in March)
19.0% from Alberta (up from 17.9%)***
11.1% from Lower Mainland/Vancouver Island  (up from 8.7% )***
9.3% from Other Areas in BC  (down from 10.3% )
1.3% from Saskatchewan/Manitoba (down from 2.7%)
1.3% from NWT/Yukon (up from 0%)***
0.9% from Outside Canada  (down from 1.1%)
0.4% from Eastern Canada/Maritimes (down from 1.6%)

*** Compared to March, there was more movement from Alberta, Lower Mainland/Vancouver Island, and NWT/Yukon during April, and less migration from all other areas.

Brenda Ellis REALTOR®

Sutton Group - Lakefront Realty 
2749 30 Street, Vernon, BC, V1T 5C6

A growing team, a different approach...we are better together!

Residential Sales Up Across the Board.

May 13,  2013

All zones the Okanagan Shuswap real estate region saw increased sales activity May 6 - 2, 2013 from the week before, but the average sale price declined. All types of property including lots and acreage, manufactured homes, recreation properties, all single family home types and strata properties ( apartments, condos and town homes) saw more sales this week over last. 

The board area  stretches from Revelstoke through Peachland and these numbers relate to all MLS® residential property types.

Based on the OMREB database sales reported May 6 - 12, 2013:

 Up from last week, where the numbers showed:

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate. 

Okanagan Shuswap property sales broke down into the following categories:

Land: - Lots and Acreages:  17 sales, up from 12 sales,

Manufactured Homes: - 13 sales, up from 5 sales, 

Recreational: - 1 sale, up from No sales,  

Single Family Homes : 90 sales, up from 80 sales, 

Apartments: 23 sales, up from 21 sales,      

Townhomes: 29 sales, up from  25 sales,   

  

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

     

  Find us on Google+  (feel free to share with your 

network)

 

 

In the Central Okanagan the results looked like this: 

Central Okanagan MLS® Property Sales (116) May 6 - 12, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$25,000	$20,000	12	1	1
	Max	$3,850,000	$3,850,000	726	6	7	9932
	Avg	$391,068	$377,769	142	3	2	1751
	Sum	$45,363,930	$43,821,152

Criteria:	Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 5/6/2013 to 5/12/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

Where the week before, the report showed:

Central Okanagan MLS® Property Sales (105) April 29 - May 5, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$49,900	$46,500	3	1
	Max	$3,200,000	$2,650,000	707	7	6	5080
	Avg	$429,769	$406,631	126	3	3	1844
	Sum	$45,125,700	$42,696,275

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/29/2013 to 5/5/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

  In the Central Okanagan, the property mix was: 

 

Land: 10 sales, unchanged

 

Manufactured Home: 8 sales, up from 3 sales,  

Recreation: No sales, unchanged

Single Family Homes: 58 sales, up from 54 sales, 

Apartments: 18 sales, up from 20 sales,  

Townhome: 22 sales, up from 18 sales, 

 

 

 

 

In the North Okanagan, Vernon BC Real Estate Area reported sales were 

North Okanagan Residential MLS® Property Sales(38) May 6-12, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$55,000	$50,000	10	2	1
	Max	$799,999	$755,000	1505	5	4	3216
	Avg	$311,274	$296,600	202	3	2	1563
	Sum	$11,828,399	$11,270,800

 

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 5/6/2013 to 5/12/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 Last week's report was:

North Okanagan Residential MLS® Property Sales (30) April 29 - May 5, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$119,900	$102,500	13	1	1
	Max	$1,100,000	$986,000	497	5	4	3580
	Avg	$337,266	$319,189	127	3	2	1773
	Sum	$10,117,988	$9,575,677

Criteria:	Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/29/2013 to 5/5/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'
Search Time: 0.05s

 The following types of properties make up the reported sales:

Land: 5 sales, up from 1 sale, 

Manufactured Homes:- 2 sales,  unchanged

Recreation:- 0 sales, unchanged

Single Family Homes: 24 sales, up from 19 sales, 

Apartments: 2 sales, up from 1 sale,  

Townhomes: 5 sales, down from 7 sales,  

 

 

Up in the Shuswap, the residential MLS@ Sales Report looked like this:

Shuswap Revelstoke Residential MLS® Property Sales (19) May 6 -12, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$29,500	$28,000	3	1	1
	Max	$449,900	$425,000	661	5	3	2846
	Avg	$233,663	$219,626	166	3	2	1331
	Sum	$4,439,600	$4,172,900

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 5/6/2013 to 5/12/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 Last week the numbers were:

Shuswap Revelstoke Residential MLS® Property Sales (8)
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$89,900	$79,150	23	2	1
	Max	$399,900	$385,000	233	5	3	2965
	Avg	$230,425	$222,538	125	3	2	1575
	Sum	$1,843,400	$1,780,300

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/29/2013 to 5/5/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

  

North Zone (Predator Ridge to Enderby) April Market Report

April 2013 North Okanagan Real Estate Market Update 

Condo Apartment
Listings Sold	8
New Listings	24
Current Inventory	153
Absorption Rate Sell/List	5.23%
Months of Inventory on Hand	19 Months
Days to Sell (Average)	184
Days to Sell (Range)	23 - 497
Average Sale Price	$202,188
Median Sale Price	$176,250
Range of Sales Prices	$77,500 - $440,000
Hottest Neighbourhood	Silver Star

Condo Townhouse
Listings Sold	24
New Listings	45
Current Inventory	241
Absorption Rate Sell/List	9.96%
Months of Inventory on Hand	10 Months
Days to Sell (Average)	117
Days to Sell (Range)	10 - 383
Average Sale Price	$252,065
Median Sale Price	$229,250
Range of Sales Prices	$129,000 - $530,000
Hottest Neighbourhood	Vernon City 24th Ave

Building Lot
Listings Sold	7
New Listings	61
Current Inventory	466
Absorption Rate Sell/List	1.50%
Months of Inventory on Hand	66 1/2 Months
Days to Sell (Average)	345
Days to Sell (Range)	5 - 776
Average Sale Price	$152,214
Median Sale Price	$110,000
Range of Sales Prices	$40,000 - $310,000
Hottest Neighbourhood	No Trend

One 2.47 acre Lakeview parcel in Golfview Place

and 1 large lot at Predator Ridge

Residential Homes
Listings Sold	72
New Listings	199
Current Inventory	680
Absorption Rate Sell/List	10.59%
Months of Inventory on Hand	9 3/4 Months
Days to Sell (Average)	125
Days to Sell (Range)	1-1104
Average Sale Price	$357,983
Median Sale Price	$329,629
Range of Sales Prices	$93,000 - $2,000,000
Hottest Neighbourhood	East Hill

Ratio of Sales vs Inventory  = 8.90%

Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo

 

If you are thinking of making a move, and are not it a happy, committed relationship with a REALTOR® I would love to talk about how we might work together to make your real estate reality match your goals. 

 

"Brell" - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®

Sutton Group - Lakefront Realty 
2749 30 Street, Vernon, BC, V1T 5C6

A growing team, a different approach...we are better together!

 

Central Zone (Peachland to Lake Country) April 2013 Market Report

Condo Apartment
Listings Sold	60
New Listings	186
Current Inventory	807
Absorption Rate Sell/List	7.43%
Months of Inventory on Hand	Almost 13 1/2 Months
Days to Sell (Average)	147
Days to Sell (Range)	12 - 801
Average Sale Price	$217,504
Median Sale Price	$208,612
Range of Sales Prices	$53,500 - $491,400
Hottest Neighbourhood	Lower Mission

Condo Townhouse
Listings Sold	53
New Listings	109
Current Inventory	438
Absorption Rate Sell/List	12.10%
Months of Inventory on Hand	8 1/4 Months
Days to Sell (Average)	87
Days to Sell (Range)	7 - 343
Average Sale Price	$349,446
Median Sale Price	$331,000
Range of Sales Prices	$148,000 - $695,000
Hottest Neighbourhood	Springfield Spall

Building Lot
Listings Sold	21
New Listings	80
Current Inventory	623
Absorption Rate Sell/List	3.37%
Months of Inventory on Hand	Almost 30 Months
Days to Sell (Average)	281
Days to Sell (Range)	15 - 707
Average Sale Price	$284,769
Median Sale Price	$210,000
Range of Sales Prices	$118,500 - $1,300,000
Hottest Neighbourhood	North Glenmore Upper Mission

* 2 acreages, including 3.48 acres on Okanagan Lake

Residential Homes
Listings Sold	216
New Listings	481
Current Inventory	1587
Absorption Rate Sell/List	13.61%
Months of Inventory on Hand	Almost 7 1/2 Months
Days to Sell (Average)	71
Days to Sell (Range)	1 - 326
Average Sale Price	$460,351
Median Sale Price	$426,500
Range of Sales Prices	$182,000 - $1,640,00
Hottest Neighbourhood	Upper Mission

Ratio of Sales vs Inventory = 10.59%

Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo

 

Its a great time to be a buyer. If you are thinking about making a move and are not in a happy, committed relationship with a REALTOR® I would love to apply for the job of working with you!

Ciao,

Brell 

-- 

"Brell" - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®

Sutton Group - Lakefront Realty 
2749 30 Street, Vernon, BC, V1T 5C6

A growing team, a different approach...we are better together!

 

Shuswap Zone (Salmon Arm to Revelstoke) April Market Update

May 6, 2013 

We have added some extra info from the Okanagan Mainline Real Estate Statistics (using their database) for the  Shuswap Zone (Salmon Arm to Revelstoke) During April, overall unit sales in the Shuswap‐Revelstoke Zone improved 25% at 75 units compared to 60 in 2012. Year‐to‐date,sales were at the same level as January through April 2012 (195 units).

Total residential sales for the month were up 18.0% to 59 units from 50 last year. Single family unit sales for the month improved 39.3% with 39 units compared to 28 in April 2012.

While new listings taken in the Zone dropped 8.2% over last April (to 315 from 343), inventory rose1.6% to 1,638 from1,612 during the same month in 2012.  This zone is firmly in Buyers Favour every step of the way. Here are the numbers:

April 2013 Shuswap Real Estate Market Update 

Ratio of Sales vs Inventory  7.05%

Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo

APRIL STATS: OKANAGAN-SHUSWAP HOUSING MARKET STRONGER IN APRIL

APRIL STATS:  OKANAGAN-SHUSWAP HOUSING MARKET STRONGER IN APRIL

 Here is the latest overview from the Okanagan Mainline Real Estate Board with regard to residential sales activity from Revelstoke to Peachland. 

Kelowna, BC – The Okanagan Mainline Real Estate Board (OMREB) reported April 2013 sales activity of all MLS® property types improved over the same month last year as the housing market strengthened moving into spring.

Following fairly flat first quarter results province-wide, during April the Okanagan-Shuswap market saw a bounce-up in sales and consumer demand compared to this time last year.

Although 2013 had a sluggish start, sales in our Board area have seen steady improvement month-over-month, and are currently up year-over-year. We hope this positive trend continues going forward as buyers and sellers take advantage of the spring market activity.

Due to the divergence in OMREB’s three market areas, sales activity tends to vary among property types zone by zone, Singbeil notes. While the Central Okanagan and Shuswap experienced an uptick in April, the North Okanagan remained relatively flat and saw minimal gains.

Now is a good time to buy. There is still a good selection of properties and great opportunities to get into a home at an attractive price – especially while interest rates remain at historic lows.

Serious sellers will be sprucing up their homes, sharpening their pencils and listing their properties to take full advantage of the heightened buyer activity typical of the spring market.

The right packaging -- a good location, strategic pricing and great curb appeal – is as important as ever. Sellers who sharpen their pencils and pay attention to presentation are selling their homes the quickest. If your home is priced well, it should sell.

Home values vary based on location, so it is essential to work with a local real estate professional to understand current market conditions and to provide comparisons specific to your area. To ensure your pricing is appropriate for your market area, and has room for buyers to negotiate, it is important to consult with a REALTOR® about how your property type is currently faring locally and, more significantly, in your particular neighbourhood.

We will be posting Zone Reports soon, so check back. We are always adding to our residential MLS® market information

Cheers,

Number of Sales and Average Price Down From Last Week Regionally.

May 5,  2013

 Both the number of residential MLS® real estate sales transactions and the average sale price fell slightly this week compared to the numbers we posted last week for the Okanagan Shuswap region. This week - the Central Okanagan zone saw more transactions - while the North Okanagan and Shuswap declined significantly more than offsetting Central Okanagan gains. In doing these stats weekly for the last several years the trend USED to be that for every 4 Sales in the Central Okanagan, 2 sold in the North and 1 in Shuswap. This year  however I am seeing the Central Okanagan outpace the North consistently with a 3 to 1 ratio and the Shuswap lags far behind the North at 3/1 as well most weeks.

The board area  stretches from Revelstoke through Peachland and these numbers relate to all MLS® residential property types including lots and acreage, manufactured homes, recreation properties, all single family home types and strata properties ( apartments, condos and town homes)

Based on the OMREB database sales reported April 29 - May 5, 2013:

 where the week before, the report looked like this:

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate. 

Okanagan Shuswap property sales broke down into the following categories:

Land: - Lots and Acreages:  12 sales, up from 3 sales,

Manufactured Homes: - 5 sales, down from 7 sales, 

Recreational: - No sales, down from  2 sales, 

Single Family Homes : 80 sales, down from 108 sales,

Apartments: 21 sales, down from 22 sales,      

Townhomes: 25 sales, up from 14 sales,  

  

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

     

  Find us on Google+  (feel free to share with your 

network)

 

 

In the Central Okanagan the results looked like this: 

Central Okanagan MLS® Property Sales (105) April 29 - May 5, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$49,900	$46,500	3	1
	Max	$3,200,000	$2,650,000	707	7	6	5080
	Avg	$429,769	$406,631	126	3	3	1844
	Sum	$45,125,700	$42,696,275

 

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/29/2013 to 5/5/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 Where last week the report was:

Central Okanagan MLS® Property Sales (96) April 22-28, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$49,900	$44,000	1	1	1
	Max	$1,995,000	$1,725,000	789	6	5	5168
	Avg	$400,137	$382,995	87	3	2	1915
	Sum	$38,413,140	$36,767,546

 

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/22/2013 to 4/28/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

  In the Central Okanagan, the property mix was: 

 

 

Land: 10 sales, up from  2 sales, 

 

Manufactured Home: 3 sales, down from 5 sales, 

Recreation: No sales, down from 1 sale, 

Single Family Homes: 54 sales, down from 59 sales, 

Apartments: 20 sales, up from 18 sales, 

Townhome: 18 sales, up from 11 sales,

 

 

 

 

In the North Okanagan, Vernon BC Real Estate Area reported sales were 

North Okanagan Residential MLS® Property Sales (30) April 29 - May 5, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$119,900	$102,500	13	1	1
	Max	$1,100,000	$986,000	497	5	4	3580
	Avg	$337,266	$319,189	127	3	2	1773
	Sum	$10,117,988	$9,575,677

Criteria:	Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/29/2013 to 5/5/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'
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And last week the numbers were: 

North Okanagan Residential MLS® Property Sales (40) April 22- 28, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$102,900	$96,000	1	1	1	650
	Max	$2,000,000	$2,000,000	372	6	5	4535
	Avg	$423,443	$409,179	87	3	3	2129
	Sum	$16,937,700	$16,367,150

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/22/2013 to 4/28/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 The following types of properties make up the reported sales:

Land: 1 sale, up from  0 sales, 

Manufactured Homes:- 2 sales, up from 1 sale,  

Recreation:- 0 sales, unchanged

Single Family Homes: 19 sales, down from 34 sales,    

Apartments: 1 sale, down from 3 sales, 

Townhomes: 7 sales, up from 2 sales,  

 

 

Up in the Shuswap, the residential MLS@ Sales Report looked like this:

Shuswap Revelstoke Residential MLS® Property Sales (8)
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$89,900	$79,150	23	2	1
	Max	$399,900	$385,000	233	5	3	2965
	Avg	$230,425	$222,538	125	3	2	1575
	Sum	$1,843,400	$1,780,300

Criteria:	Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/29/2013 to 5/5/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'
The week before - the report was:

Shuswap Revelstoke Residential MLS® Property Sales (20) April 22 - 28, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$59,000	$44,000	7	2	1
	Max	$679,000	$635,000	351	5	3	3200
	Avg	$333,960	$315,675	136	3	2	1770
	Sum	$6,679,200	$6,313,500

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/22/2013 to 4/28/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

  

March Buyer Survey: Move Up Buyers Dominate the Market

The results of OMREB's MARCH 2013 Buyers Survey are posted! 

 A total of 184 respondents participated in this survey – representing 55.9% of the 329 OMREB sales representatives who acted as Buyers Agents, and 39.8% of the 462 deals closed on behalf of Buyers in February. This survey is voluntary - and the results are not "reliable" but they are the only indication we have. I think that makes them worth considering

MARCH SURVEY SUMMARY

Property Type:
24.6% of purchases were by Move-Up Buyers  (up from 21.3% in February)*
16.2% by First Time Buyers  (down from 19.7%)
10.6% moving from Single Family Home to Strata Unit  (up from 7.1%)*
10.6% buying Revenue/Investment Property  (down from 13.2%)
7.8% moving into Retirement Home/Seniors Community  (up from 7.1%)*
7.3% purchasing Recreation Property  (down from 12.6%)
6.1% moving from Strata property to Single Family Home  (down from 6.3%)

* During the month of March, there was an increase in purchases by Move-up Buyers as well as owners of Strata units moving to Single Family homes, and Seniors moving into Retirement Communities.

Buyer Type (Family Dynamic):
27.5% Empty Nesters/Retired (up from 18.8% in February)**
25.8% Couple without Children (same as February) 
23.1% Two Parent Family/Children (down from 30.5%) 
12.6% Single Female (up from 10.9%)** 
7.7% Single Male (similar to February)
2.2% Single Parent with Children (down from 3.1%)

** In March, there was an increase in purchases by Empty Nesters and Single Females, while other categories remained the same or saw decreases.

Moving From: 
57.6% from Within OMREB Board Area  (down from 68.2% in February)
17.9% from Alberta (up from 11.6%)***
10.3% from Other Areas in BC  (up from 5.4%)***
8.7% from Lower Mainland/Vancouver Island  (up from 5.4%)***
2.7% from Saskatchewan/Manitoba (down from 3.1%)
1.6% from Eastern Canada/Maritimes (down from 3.1%) 
1.1% from Outside Canada  (down from 3.16%)
0% from NWT/Yukon (same as February)

*** Compared to February, there was more movement from Alberta, other areas of BC, and the Lower Mainland/Vancouver Island.

Average Sale Price $381,078 and $59,448,196 in combined sale volume!

April 28, 2013

Average sale price jumped this week up to $381,078 which is higher than we have seen in awhile. Home sales were up in each of the 3 zones, and land sales were down overall and in the Central and North Okanagan with the Shuswap zone stable at 1 sale. 

The board area  stretches from Revelstoke through Peachland and these numbers relate to all MLS® residential property types including lots and acreage, manufactured homes, recreation properties, all single family home types and strata properties ( apartments, condos and town homes)

Based on the OMREB database sales reported April 22 - April 28, 2013 here is our update:

 Compared to the week prior where the report was:

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate. 

Okanagan Shuswap property sales broke down into the following categories:

Land: - Lots and Acreages:  3 sales, down from 8 Sales, 

Manufactured Homes: - 7 sales,  unchanged

Recreational: -  2 sales, up from No sales, 

Single Family Homes:- 108 sales, up from 73 sales, 

Apartments: 22 sales, up  from 12 sales,     

Townhomes:14 sales, down from  24 sales,   

  

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

     

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In the Central Okanagan the results looked like this: 

Central Okanagan MLS® Property Sales (96) April 22-28, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$49,900	$44,000	1	1	1
	Max	$1,995,000	$1,725,000	789	6	5	5168
	Avg	$400,137	$382,995	87	3	2	1915
	Sum	$38,413,140	$36,767,546

 

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/22/2013 to 4/28/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 In the previous week thing were as follows:

Central Okanagan MLS® Property Sales (81) April 15 - 21, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$14,000	$20,000	7	1	1
	Max	$1,850,000	$1,640,000	246	5	6	4252
	Avg	$395,830	$379,771	71	3	3	1886
	Sum	$32,062,248	$30,761,475

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/15/2013 to 4/21/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata

 

 

 

Land: 2 sales, down from 4 sales, 

 

Manufactured Home: 5 sales, up from 4 sales, 

Recreation: 1 sale, up from 0 sales, 

Single Family Homes: 59 sales, up from 45 sales, 

Apartments: 18 sales, up from 12 sales,  

Townhome: 11 sales, down from 16 sales,  

 

 

 

In the North Okanagan, Vernon BC Real Estate Area reported sales were 

North Okanagan Residential MLS® Property Sales (40) April 22- 28, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$102,900	$96,000	1	1	1	650
	Max	$2,000,000	$2,000,000	372	6	5	4535
	Avg	$423,443	$409,179	87	3	3	2129
	Sum	$16,937,700	$16,367,150

 

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/22/2013 to 4/28/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 Compared to the week earlier:

North Okanagan Residential MLS® Property Sales (33)
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$45,000	$40,000	15	2	1
	Max	$789,000	$789,000	1104	6	4	3198
	Avg	$350,830	$335,105	195	3	2	1837
	Sum	$11,577,400	$11,058,450

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/15/2013 to 4/21/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 The following types of properties make up the reported sales:

Land:  0 sales, down from 3 sales, 

Manufactured Homes:- 1 sale, down from 3 sales,  

Recreation:- 0 sales, unchanged

Single Family Homes: 34 sales, up from 20 sales,    

Apartments: 3 sales, up from No sales,  

Townhomes: 2 sales, up from 7 sales,  

 

 

Up in the Shuswap, the residential MLS@ Sales Report looked like this:

Shuswap Revelstoke Residential MLS® Property Sales (20) April 22 - 28, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$59,000	$44,000	7	2	1
	Max	$679,000	$635,000	351	5	3	3200
	Avg	$333,960	$315,675	136	3	2	1770
	Sum	$6,679,200	$6,313,500

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/22/2013 to 4/28/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 

 The week before:

Shuswap Revelstoke Residential MLS® Property Sales (10) April 15 - 21, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$79,900	$75,000	8	2	1
	Max	$379,000	$365,000	334	4	3	2600
	Avg	$269,890	$249,400	191	3	2	1296
	Sum	$2,698,900	$2,494,000

 

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/15/2013 to 4/21/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 

Sales volume creeps toward $48 Million last week. What is Selling?

April 14, 2013

 With an increase in strata property sales, lots and manufactured homes, and a decrease in the number of single family home sales, it is not a surprise that we saw the average sale price decline this week from last weeks $356,059. This week, the average sale price was $328,002. The number of sales that occurred was up from 119 to 146, and the total sales volume resulting was over $5 Million higher this week coming in at $47,888,249.

The board area  stretches from Revelstoke through Peachland and these numbers relate to all MLS® residential property types.

Based on the OMREB database sales reported April 8 - April 14, 2013 here is our update:

Compared to the week prior's report: 

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate. 

Okanagan Shuswap property sales broke down into the following categories:

Land: - Lots and Acreages 12 sales, up from 10 sales, 

Manufactured Homes: - 9 sales, up from 7 sales,   

Recreational: -  1 sale, up from 0 sales,  

Single Family Homes:-79 sales, down from 82 sales 

Apartments: 22 sales, up from 8 sales,   

Townhomes: 23 sales, up from 12 sales,   

  

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

     

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In the Central Okanagan the results looked like this: 

Central Okanagan MLS® Property Sales (97) April 8 - 14, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$37,500	$32,500	5	1
	Max	$998,000	$925,000	801	7	5	5297
	Avg	$394,976	$380,335	104	3	2	1912
	Sum	$38,312,648	$36,892,449

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/8/2013 to 4/14/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata

Central Okanagan MLS® Property Sales (73) April 1 - 7, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$39,000	$37,000	9	1
	Max	$1,399,900	$1,280,000	575	6	4	4148
	Avg	$419,362	$400,542	93	3	3	1899
	Sum	$30,613,398	$29,239,546

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/1/2013 to 4/7/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata' Type of Dwelling is one of 'Townhouse - Detached', 'Townhouse', 'Townhouse Semi-Detached'

  

In the Central Okanagan, the property mix was: 

Land: 3 sales, down from 6 sales, 

 

Manufactured Home: 5 sales, up from 4 sales,   

Recreation:0 sales, unchanged

Single Family Homes:55 sales, down from 57 sales 

Apartments: 20 sales, up from 5 sales,  

Townhome: 14 sales, up from 6 sales, 

 

 

 

In the North Okanagan, Vernon BC Real Estate Area reported sales were:

North Okanagan Residential MLS® Property Sales (24) April 8 - 14, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$84,900	$67,500	5	2	1
	Max	$549,900	$549,000	364	5	4	3419
	Avg	$275,383	$263,729	141	3	2	1666
	Sum	$6,609,200	$6,329,500

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/8/2013 to 4/14/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata' Type of Dwelling is one of 'Townhouse - Detached', 'Townhouse', 'Townhouse Semi-Detached'   Compared to the week before where the report was:

North Okanagan Residential MLS® Property Sales (29) April 1 - 7, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$31,900	$28,000	10	1	1
	Max	$599,000	$550,000	776	5	4	3080
	Avg	$289,034	$276,040	212	3	2	1571
	Sum	$8,382,000	$8,005,150

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/1/2013 to 4/7/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 The following types of properties make up the reported sales:

Land: 2 sales, unchanged

Manufactured Homes:- 1 sale, down from 3 sales, 

Recreation:- 0 sales, unchanged

Single Family Homes: 14 sales, down from 15 sales,    

Apartments:1 sale, down from  3 sales,  

Townhomes: 7 sales, up from 6 sales,   

 

 

 

Up in the Shuswap, the residential MLS@ Sales Report looked like this:

Shuswap Revelstoke Residential MLS® Property Sales (23) April 8 - 14, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$19,900	$17,000	7	1	1
	Max	$549,000	$560,000	1154	6	6	3572
	Avg	$199,639	$187,339	269	3	2	1010
	Sum	$4,591,700	$4,308,800

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/8/2013 to 4/14/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata' Type of Dwelling is one of 'Townhouse - Detached', 'Townhouse', 'Townhouse Semi-Detached'

Compared to the week prior: 

Shuswap Revelstoke Residential MLS® Property Sales(12) April 1 - 7, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$28,900	$25,000	3	2	1
	Max	$749,900	$715,000	1023	5	4	3992
	Avg	$337,500	$319,879	126	3	3	1835
	Sum	$4,050,000	$3,838,551

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/1/2013 to 4/7/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 

Home Sales Jump Across Region. Was HST A Factor?

April 7, 2013

The Okanagan Shuswap residential market sales jumped in the Single Family Home sector of the market this week, up by 26 sales! Of those sales, 5 of them (ALMOST 20% were vacant homes, built in 2011 - 2013) There is no way to know if the timing of these transactions coincided with the repeal of HST on home sales. The Transitional Tax and GST are now applied to new home sales instead of the HST. Land sales are not subject to the transitional tax, making NOW  a great time to pick up land for your next home. If you have questions about purchasing please call me at 250-308-4310.

The board area  stretches from Revelstoke through Peachland and these numbers relate to all MLS® residential property types.

Based on the OMREB database sales reported April 1 - April 7, 2013 here is our update:

 Where last weeks report showed:

Okanagan Shuswap property sales broke down into the following categories:

Land: - Lots and Acreages 10 sales, up from  6 sales, 

Manufactured Homes: - 7 sales, down from 9 sales,  

Recreational: -  0 sales,  

Single Family Homes:- 82 sales way up from 56 sales, 

Apartments: 8 sales, down from 19 sales,  

Townhomes: 12 sales, down from 18 sales,  

  

 Look at WHAT sold in order to determine what is really going on in the 3 zones of Okanagan Shuswap Real Estate.

     

  Find us on Google+  (feel free to share with your 

network)

 

 

In the Central Okanagan the results looked like this: 

Central Okanagan MLS® Property Sales (73) April 1 - 7, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$39,000	$37,000	9	1
	Max	$1,399,900	$1,280,000	575	6	4	4148
	Avg	$419,362	$400,542	93	3	3	1899
	Sum	$30,613,398	$29,239,546

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 4/1/2013 to 4/7/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata' Type of Dwelling is one of 'Townhouse - Detached', 'Townhouse', 'Townhouse Semi-Detached'

 and the week before:

Central Okanagan MLS® Property Sales (81) March 25 - 31, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$31,900	$25,500	2	1	1
	Max	$2,495,000	$2,200,000	526	6	6	4942
	Avg	$407,692	$386,173	108	3	2	1797
	Sum	$33,023,078	$31,280,006

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 3/25/2013 to 3/31/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 

In the Central Okanagan, the property mix was: 

Land: 6 sales, up from 5 sales, 

 

Manufactured Home: 4 sales, up from 6 sales,   

Recreation:0 sales, unchanged

Single Family Homes: 57 sales up from 41 sales

Apartments: 5 sales, down from 16 sales, 

Townhome: 6 sales, down from 13 sales, 

 

 

 

In the North Okanagan, Vernon BC Real Estate Area reported sales were:

North Okanagan Residential MLS® Property Sales (29) April 1 - 7, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$31,900	$28,000	10	1	1
	Max	$599,000	$550,000	776	5	4	3080
	Avg	$289,034	$276,040	212	3	2	1571
	Sum	$8,382,000	$8,005,150

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 4/1/2013 to 4/7/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 and last week:

North Okanagan Residential MLS® Property Sales (17) March 25- 31, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$29,995	$24,900	10	2	1
	Max	$519,900	$500,000	349	4	3	2945
	Avg	$284,411	$273,453	153	3	2	1582
	Sum	$4,834,995	$4,648,700

Criteria:	Status is 'Sold' MLS is 'OMREB' Major Area is 'North Okanagan' Sold Date is 3/25/2013 to 3/31/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

The following types of properties make up the reported sales:

Land: 2 sales, up from 1 sale 

Manufactured Homes:- 3 sales, up from 1 sale, 

Recreation:- 0 sales,

Single Family Homes: 15 sales, up from 9 sales,    

Apartments: 3 sales, up from 2 sales, 

Townhomes: 6 sales, up from 4 sales,  

 

 

 

Up in the Shuswap, the residential MLS@ Sales Report looked like this:

Shuswap Revelstoke Residential MLS® Property Sales(12) April 1 - 7, 2013
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$28,900	$25,000	3	2	1
	Max	$749,900	$715,000	1023	5	4	3992
	Avg	$337,500	$319,879	126	3	3	1835
	Sum	$4,050,000	$3,838,551

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 4/1/2013 to 4/7/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

Last weeks results: 

Shuswap Revelstoke Residential MLS® Property Sales (9)
		List Price	Sold Price	DOM	Beds	Total Baths	Finished Floor Area
	Min	$80,000	$75,900	15	2	2	1174
	Max	$379,900	$365,000	603	5	4	2750
	Avg	$273,644	$260,878	162	3	2	1844
	Sum	$2,462,800	$2,347,900

Criteria:

Status is 'Sold' MLS is 'OMREB' Major Area is 'Shuswap / Revelstoke' Sold Date is 3/25/2013 to 3/31/2013 Property Type is one of 'Lots and Acreages', 'Manufactured Home', 'Recreation', 'Single Family Residential', 'Strata'

 

Shuswap Revelstoke March Market Update: A Buyers Market

Shuswap Real Estate Market Update 

2013

Condo Apartment
Listings Sold	2
New Listings	10
Current Inventory	125
Absorption Rate Sell/List	1.60%
Months of Inventory on Hand	Over 5 years
Days to Sell (Average)	239
Days to Sell (Range)	168 - 309
Average Sale Price	$397,500
Median Sale Price	$397,500
Range of Sales Prices	$217,500 - $577,500
Hottest Neighbourhood	SE Salmon Arm,  Mara Lake

Condo Townhouse
Listings Sold	2
New Listings	23
Current Inventory	98
Absorption Rate Sell/List	2.04%
Months of Inventory on Hand	49 months
Days to Sell (Average)	414
Days to Sell (Range)	225 - 603
Average Sale Price	$187,750
Median Sale Price	$187,750
Range of Sales Prices	$175,500 - $200,000
Hottest Neighbourhood	Blind Bay, SW Salmon Arm

Building Lot
Listings Sold	5
New Listings	38
Current Inventory	377
Absorption Rate Sell/List	1.33%
Months of Inventory on Hand	Over 6 years
Days to Sell (Average)	273
Days to Sell (Range)	23 - 708
Average Sale Price	$85,800
Median Sale Price	$55,000
Range of Sales Prices	$8,000 - $200,000
Hottest Neighbourhood	North Shuswap

Residential Homes
Listings Sold	25
New Listings	94
Current Inventory	399
Absorption Rate Sell/List	6.27%
Months of Inventory on Hand	Almost 16 months
Days to Sell (Average)	139
Days to Sell (Range)	15 - 336
Average Sale Price	$286,00
Median Sale Price	$290,000
Range of Sales Prices	$100,000 - $1,700,000
Hottest Neighbourhood	NE Salmon Arm

Ratio of Sales vs Inventory 4.06%

Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo

Ciao,

"Brell" - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®

Sutton Group - Lakefront Realty 
2749 30 Street, Vernon, BC, V1T 5C6

A growing team, a different approach...we are better together!

 

Central Okanagan March 2013 Update: Townhome Sector Leads Market

Central Okanagan Real Estate Market Update March 2013

Condo Apartment
Listings Sold	58
New Listings	168
Current Inventory	778
Absorption Rate Sell/List	7.46%
Months of Inventory on Hand	Almost 13.5 months
Days to Sell (Average)	123
Days to Sell (Range)	10 - 435
Average Sale Price	$242,295
Median Sale Price	$207,500
Range of Sales Prices	$47,000 - $1,625,000
Hottest Neighbourhood	Kelowna North / Springfield Spall

Condo Townhouse
Listings Sold	51
New Listings	91
Current Inventory	433
Absorption Rate Sell/List	11.78%
Months of Inventory on Hand	Almost 8.5 months
Days to Sell (Average)	126
Days to Sell (Range)	6 - 400
Average Sale Price	$345,639
Median Sale Price	$317,000
Range of Sales Prices	$98,000 - $1,340,000
Hottest Neighbourhood	Springfield Spall

Building Lot
Listings Sold	17
New Listings	57
Current Inventory	591
Absorption Rate Sell/List	2.88%
Months of Inventory on Hand	Almost 35 months
Days to Sell (Average)	465
Days to Sell (Range)	2 - 1933
Average Sale Price	$174,173
Median Sale Price	$180,000
Range of Sales Prices	$35,000 - $437,000
Hottest Neighbourhood	Shannon Lake

Residential Homes
Listings Sold	154
New Listings	477
Current Inventory	1489
Absorption Rate Sell/List	10.34%
Months of Inventory on Hand	9.5 Months
Days to Sell (Average)	99
Days to Sell (Range)	4 - 485
Average Sale Price	$416,363
Median Sale Price	$400,066
Range of Sales Prices	$153,500 - $2,200,000
Hottest Neighbourhood	Glenmore

Ratio of Sales vs Inventory 10.02%

Totals include variables in any given due to previous month’s collapsed sales and deleted listings. e & eo

Ciao

"Brell" - Your Okanagan Real Estate Umbrella 250-308-4310
Brenda Ellis REALTOR®

Sutton Group - Lakefront Realty 
2749 30 Street, Vernon, BC, V1T 5C6

A growing team, a different approach...we are better together!

 

March Statistics: 8.62% of Homes on the Market Sold in North Okanagan