This Week in Okanagan Central Real Estate - What Sold - Jan.24, 2010 edition
For the period of January 18 - 24, 2010 in Central Okanagan real estate sales 59 properties moved from for sale to sold status. This report covers the Cities of Kelowna, Lake Country, West Kelowna, Peachland, Westbank and Big White and the surrounding communities.
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:
One property(building lots) for sale moved to sold status. There were no acreages for sale that moved to sold status.
The sales price was $250,000 on list price of $259,000 meaning that the seller accepted 96.5% of the last listed price. The active days on the market for this listing was 33.
Manufactured Homes for sale:
No manufactured (mobile) homes sold during the week in the Central Okanagan.
Single Family Residential Homes for sale:
In the past week, 38 homes for sale in Kelowna BC real estate and the surrounding Central Okanagan communities moved to sold status.
These homes were on the market an average of 93 days and sold for median sales price of $441,500 on a median list price of $449,900. Listing prices for the homes that sold ranged from $279,000 to $899,000 and the corresponding sale prices ranged from $259,500 to $1,103,000.
The home that sold for 125.7% of the asking price was a foreclosure, court ordered sale. It is not uncommon for listings of this nature to sell for over the asking price - however 25% over asking is unusually high. The home was a 5 bedroom 4 bath home just shy of 4700 square feet that was built in 1998.
Two other sellers realized 100% or more of their list price in the single family home for sale market last week. On average sellers accepted 97.3% of the current listed price with the lowest accepted price reflecting 87.3.% on the sale of a $385,000 home. One of the homes sold for $300,000 or less. In the Over $500,000. segment of the Central Okanagan real estate market – 11 properties sold including the one foreclosure property valued at over $1,000,000 .
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, 20 properties moved from for sale to sold status during this week. These properties had current listings that averaged 145 days in length. The middle or median list price was $276,950 and the median sale price was $258,250. Days on the market ranged from 1 to 651.
On average - sellers accepted 95.8% of the current list price for strata homes. Five of the properties sold for 100% or more of the list price. The amounts accepted ranged from 82.6% to 102% of the last listed price. List prices ranged from $156,000 to $449,900 with sales of from $148,000 to $410,000.
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