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2019 in Armstrong Real Estate
 1st Half Report

95 residential properties sold in Armstrong Spallumcheen in the first 6 months of 2019, with an average sale price of $501,015. after an average of only 79 days on the market.

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2019 in Armstrong Real Estate 1st Half

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTORĀ® youā€™ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTORĀ® youā€™ll want to connect with...

Jul 17 2 minutes read


 

Type

Sold

Single Family

58

Home on Acreage

18

Strata Apartment

1

Strata Condo

9

Manufactured Home

4

Lots & Acreage

5

Recreation

0


Status: Sold in Armstrong (95)


List Price

Sold Price

DOM

Beds

Total Baths

Finished Floor Area

Min

$48,900

$37,000

4

2

1


Max

$2,870,000

$2,500,000

328

6

5

4500

Avg

$520,497

$501,015

79

3

2

1904

Sum

$49,447,197

$47,596,460





Criteria:

MLS is ā€˜OMREB'     Major Area is 'North Okanagan'

Sub-Area is 'AS - Armstrong/ Spall.'

Sold Date is 1/1/2019 to 6/30/2019

      

Absorption Rates

These chart shows the relationship between the amount of sales relative to inventory at intervals over the last 7 years expressed as Months Of Inventory.  Where the green line falls within the black outlined box indicates a time in the market that favours BUYERS  whereas the Red favours SELLERS.  

Single Family Homes

Single Family Homes
ON Acreage
By comparison, you can see that the market for homes on acreage is a totally different market than the Single Family home market in Armstrong. Sellers of homes on acreage rarely have market advantage. While we have seen more balance in this sector since 2016 - the trend indicates that buyers will have more options to select from - but that sellers may find themselves asking for more money than buyers are willing to spend.

Thinking of Buying or Selling

We know Armstrong. 

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