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2017 Property Sales in South BX, Vernon BC

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Oct 29 3 minutes read

     

Status: Sold (10)


List Price

Sold Price

DOM

Beds

Total Baths

Finished Floor Area

Min

$434,900

$430,000

15

3

2


Max

$1,350,000

$1,340,000

498

6

5

5000

Avg

$633,350

$626,325

143

4

3

2147

Sum

$6,333,500

$6,263,250






Criteria:  


MLS is 'OMREB'

Major Area is 'North Okanagan'

Sub-Area is 'SB - South BX'

Sold Date is 1/1/2017 to 12/31/2017

Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'



The property mix in this report contains 8 homes, and 2 land property sales.

 

South BX, Vernon BC  Key Performance Indicator Review 2017 

Time frame for the chart above is from Jan 2011 to January 2018 and it depicts the absorption rate of real estate specific to the  South BX, Vernon BC sub area or neighbourhood with the North Okanagan zone. This area is bucking the general trend  locally by having more inventory than current buyers are looking for. 

Historic Look At  South BX, Vernon BC Real Estate Sales Volume  

This chart reflects the MLS® property sales by month. You can see only a few months were purchases have spiked above 1 - 2 per month over the last 7 years.

Historic Trend of Active Listings  

You can see that the number of properties brought to the market in recent years is trending upward. The first chart we showed you - the absorption rate - is a direct result of the increase of properties coming to market in combination with the second chart - which shows the properties SOLD. Trends like this tend to favour buyers.

Historic Median / Average Days On Market Trends for  South BX, Vernon BC Residential Sales 

 

This chart shows the comparison between the average days a property was on the market. ( From Activation to Final Subject Removal) . While we can see that properties look to be to taking longer presently to sell in South BX we also know that there is not really enough data to call it a trend. Individual property analysis is required.

Historic Median Sale Price Trend for  South BX, Vernon BC, Vernon BC Residential Sales 

The chart above shows the upward trend of the Median (middle of the market) sale price by month over the last 7 years Again not really a clear TREND . This may be because of the property mix within the neighbourhood. We will help you look at WHAT sold to make sense of this if you just ask!

Thank you for taking the time to look at our  South BX, Vernon BC , Vernon BC market synopsis. Please feel free to share it with your friends and neighbours, and especially anyone you may know that might be looking for help selling or buying in  South BX, Vernon BC , Vernon BC.

Cheers!

Chris, Brent, Shelby, & Brell
REALTORS
® along with the amazing
Diane, Kendra, Natalia and Yania 

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