Here is an overview of the sales activity in North Okanagan real estate from October 12 to October 18, 2009.
Lots and Acreages for sale:
Only a single lot for sale moved to sold status. The sale price of this lots was $ 260,000 with a list price of $289,500. This Coldstream Lake view property had been currently listed for 149 days. Sellers accepted 89.8% of the current list price on this lot.
No acreages were sold in North Okanagan real estate in this time.
Manufactured Homes for sale:
Two manufactured homes sold during the week in the North Okanagan.One was located in Enderby BC and the other in the Municpality of Coldstream. The median sale price of these properties was $117,500 with the sold prices ranging from $112,000 to $123,000 on list prices of $132,900 and $129,800 respectively. This meant sellers accepted 84.3% and 94.8% of list price for an average of 89.5%
Single Family Residential Homes for sale:
In the past week, 11homes for sale in Vernon BC and the surrounding North Okanagan communities moved to sold status. These homes were on the market an average of 98 days and sold for median sales price of $300,000 on a median list price of $314,900. Listing prices for the homes that sold ranged from $169,900 to $799,000 and the corresponding sale prices ranged from $165,000 to $765,000. Unlike the previous few weeks, no sellers realized 100% or more of their list price in the single family home for sale market. On average sellers accepted 94.9% of the current listed price with the lowest accepted price reflecting 87.8% . Five properties sold for less than $300,000 - with 2 of these selling for less than $200,000. In the Over $500,000. segment of the North Okanagan real estate market - only one property sold in Armstrong real estate.
Strata properties for sale:
In the sector of Vernon BC and North Okanagan real estate that includes apartments, condos, and attached, semi detached and detached townhomes, and again 7 properties moved from for sale to sold status during this week. These properties had current listings that averaged 152 days in length which is about 100 days less than the places that sold 2 weeks ago. The middle or median list price was $219,900 and the median sale price was $216,000. Days on the market ranged from 14 to 453. On average - sellers accepted 96.3% of the current list price for strata homes. The amounts accepted ranged from 93.2% to 100.9% of the last listed price. List prices ranged from $97,900 to $1,475,000 with sales of from $93,000 to $1,375,000.
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