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)


List Price

Sold Price

DOM

Beds

Total Baths

Finished Floor Area

Min

$84,900

$82,500

-2

1

1


Max

$689,900

$675,000

618

8

4

3560

Avg

$262,513

$257,285

63

3

2

1269

Sum

$54,865,274

$53,772,570







Criteria:  


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.

Cheers!

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