Last week was the busiest of the past few in North Okanagan Vernon BC and area real estate. Here is a look at what sold between September 21 and September 27, 2009.
Lots and Acreages:
A total of 7 properties for sale moved to sold status The median sale price of lots and acreages sold was $160,000 with a median list price of $169,900. Of these, 6 lots were sold and one 5 acre parcel in BX. List prices ranged from $79,000 for a lot in Falkland BC to $250,000 for a .36 acre lot in the Foothills neighbourhood in Vernon. On Average the properties that sold had been currently listed for 161 days with listings ranging from .20 days to 468 days. Sellers accepted an average of 89.3% of the current list price on the lots and acreages sold with a range of 69.6% to 97%.
The Acreage was listed at $249,000 and sold for $233,000 after a current list period of 140 days.
One manufactured home sold in the past week. It was listed for $74,900 and sold for $65,000 after 217 days on the market with the seller accepting 86.8% of current list price.
Single Family Residential Homes:
In the past week, 23 homes for sale in Vernon BC and the surrounding North Okanagan communities moved to sold status. These homes were on the market an average of 125 days and sold for median sales price of $316,500 on a median list price of $327,500. Listing prices for the homes that sold ranged from $224,900 to $1,950,000 and the corresponding sale prices ranged from $217,000 to $1,540,000. Two sellers realized 100% of their list price in the single family home for sale market this past week. On average sellers accepted 94.9% of the current listed price with the lowest accepted price reflecting 78.7% on a 40 acre parcel that was a former dairy farm. Four properties sold for more than $500,000 including 2 that sold for more than $1,200,000.
In the sector of Vernon BC and North Okanagan real estate that includes apartments, condos, and attached, semi detached and detached townhomes, 4 properties moved from for sale to sold status. These properties had current listings that averaged 260 day in length. The middle or median list price was $204,200 and the median sale price was $196,450. Days on the market ranged from 51 to 481. On average - sellers accepted 94.6% of the current list price for strata homes. The amounts accepted ranged from 87.3% to 98.5% of the last listed price. List prices ranged from $75,000 to $375,500 with sales of from $65,500 to $370,000.
So far in September in Vernon BC and the surrounding North Okanagan communities, 157 sales transactions have occurred. 21 Lots and acreages have sold 13 Manufactured homes, 97 Single family residential homes and 26 strata properties. This is very strong activity and already surpasses the August totals substantially in the Residential home market. We will have September numbers available after October 5th.