Foothills Vernon BC Real Estate Update
Based on residential MLS properties reported sold January 1 - June 30 in the Foothills neighbourhood, Vernon BC, (OMREB database) sellers on average accepted a discount of 8.24% off the list price.
Buyers agents negotiated a range of discounts from 0.80% to what appears to be a whopping 66.86%! At a closer look - that property was a to be built home -and looks like the contract would be for land.
Let's look at what sold in the first 6 months in the Foothills.
The listings in this analysis can be summarized as follows:
Priced between $125,900 and $849,900
Selling Price between $115,000 and $824,000
0 (land) to 4029 Square Feet
2.0 to 4.0 Bathrooms
2 to 5 Bedrooms
$0 (land) to $227 per Square Foot
14 to 1150 Days on Market
Here is another way to look at the statistics:
|2012 Foothills Residential MLS Properties Sold (31) Jan. 1 - June 30|
Given that only 37 properties sold in this area in 2011 all year, the first half or 2012 was quite robust!
Of the 31 properties sold:
Building Lots 6
Single Family Homes 23
If you or anyone you know is looking for real estate services, I'd love to help.
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!