Annual Review of Coldstream Homes sold in the North Okanagan

Coldstream is separate municipality that starts just as you go out from Vernon on Highway 6.  It is one of the more elite housing areas of the North Okanagan. There were 172 homes sold in Coldstream  in the last 12 months and 151 homes sold  in the same period in the previous 12 months. That is an increase of 13.9%. However, it is interesting that in the last 12 months in Coldstream the average sold price of a home was $442,048 and the average sold price in the previous 12 month period was $512,803. That would seem like prices are dropping. However, when you look at the increased sales activity and absorption rate in the Coldstream area and the reduction of inventory one would have to say that the reduction in average price is a result of too small of a data selection or one or 2 unusually high sales to throw the average out of whack. Coldstream has been very active with multiple offers increasing this year.

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