Land Sales may include: lot, waterfront lot, acreage and waterfront acreage. While Home sales may include duplex units (half or full), four plex units, single family homes with carriage homes, single family homes on acreage, single family homes within a bare land strata, home, timeshare, or triplex units. Townhouse sales may include detached or semi detached units.
2017 Property Sales in Vernon City, Vernon BC
Status: Sold (209)
Finished Floor Area
MLS is 'OMREB'
Major Area is 'North Okanagan'
Sub-Area is 'VC - City of Vernon'
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 66 homes, 95 apartments, 43 townhouses, 1 manufactured home, and 4 land property sales.
Vernon City, 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 Vernon City, Vernon BC sub area or neighbourhood with the North Okanagan zone. You can see the current trend of less inventors starting in 2013.
Historic Look At Vernon City, Vernon BC Real Estate Sales Volume
This chart reflects the MLS® property sales by month. You can see the number of sales rising consistently along with the seasonal variations - less sales in winter. Significantly more sales per month since 2014 and trending upward.
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 sellers.
Historic Median / Average Days On Market Trends for Vernon City, 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) in Vernon City. You can see that the days to sell are trending downward since early 2014.
Historic Median Sale Price Trend for Vernon City, 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. You can see the upward trend of sale prices. in this neighbourhood. Remember the ratio of houses to apartments when you look at this area - It is important to weigh that against the price points. 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 Vernon City, 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 Vernon City, Vernon BC.
Chris, Brent, Shelby, & Brell
REALTORS® along with the amazing
Diane, Kendra, Natalya and Yania