Vernon Real Estate Update
Here is an overview of what happened in 2008 in the single family dwelling market where the City was listed as "Vernon"
Vernon 2008 Single Family Dwellings:
Listings Activated | |
Listings Activated in 2008 Sold in 2008 | 391 |
Listings Activated and Still on the Market | 387 |
Expired | 311 |
Withdrawn after Activation | 238 |
Total Listings Sold in 2008 | 469 |
| |
List prices of Units Sold | |
Range | $100,000 - $3,900,000 |
Median | $389,900 |
Average | $428,047 |
| |
Sale Price of Units Sold | |
Range | $91,500 - $3,600,000 |
Median | $378,000 |
Average | $415,416 |
| |
Days on the Market | |
Range | -2 – 393 and yes.. it is minus 2 |
Average | 73 |
| |
Finished Floor Area | |
Range | 485 - 4986 |
Average | 2031 |
| |
$ per sq. foot | |
Range | $98. - $968.75 |
Average | $210. |
| |
Year Built | |
Range | 1895 - 2008 |
| |
Active Listings January 12, 2009 | 418 |
Current Absorbsion Rate | .89 of a year |
| |
SFD Criteria is based on OMREB search criteria and includes:
Single Family Dwelling, Single Family with Carriage House and Single Family Bare Land Strata for listings where the City = Vernon
Does not include:
Duplex – full or Half
Fourplex
Recreational – with or without building
Single Family with Acreage
Timeshare or
Triplex Units.