Central Okanagan Real Estate Report August 14, 2018
With over Fourty Two Million dollars in real estate traded last week - slump seems far to strong a word.... Read on for a look at the top of the market and the basic market statistics.
Weekly Top Property – 208 Poplar Point Drive, Kelowna, V1Y 1Y1
This house has a 6,149 finished floor area, which was built in 2009. Comes with 4 bedrooms and 5 baths, on a 0.47 acre lot. Listed on the market for $5,595,000. It sold in 130 days, for $5,150,000.
Marketed as:
Unique and stunning contemporary home, custom designed by Nesbitt Originals. The home features leading edge technology and engineering, prevalent throughout the interior and exterior aspects of the home, and is no doubt one of the most desirable lakefront properties on Okanagan Lake. The features of this home are uncompromising and will satisfy the most discerning homeowner with its attention to detail, and expansive Lake Okanagan views to enjoy 365 days of the year. This luxury home includes an award-winning hot tub and infinity edge pool, extensive outdoor living space including outdoor kitchen, elevator and two double-car garages, dramatic views to envy while treating residents to amenities found only in the finest homes An entertainers paradise if so desired, yet a pampering atmosphere when one wishes so.
Based on 2016 taxes = $30,995
Here is a look at the basic statistics for residential real estate sales in the Central Okanagan:
Status: Sold (71) | |||||||
List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
Min | $69,900 | $67,000 | 1 | 1 | 1 | ||
Max | $5,595,000 | $5,150,000 | 643 | 5 | 5 | 6149 | |
Avg | $614,807 | $595,983 | 81 | 3 | 3 | 1719 | |
Sum | $43,651,327 | $42,314,794 |
Criteria:
|
Compared to last week
Status: Sold (111) | |||||||
List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
Min | $125,000 | $115,000 | -2 | 1 | |||
Max | $2,999,900 | $2,960,000 | 325 | 5 | 5 | 5253 | |
Avg | $648,559 | $629,228 | 58 | 3 | 3 | 1812 | |
Sum | $71,990,001 | $69,844,279 |
Breakdown of the Sales for the Week | |
Lots & Acreages | 7 |
Manufactured Homes | 3 |
Recreational | 0 |
Single Family Residential | 31 |
Strata - Apartments | 17 |
- Townhouses | 13 |