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Central Okanagan Real Estate Report August 27, 2018

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

More real estate sales reported this week in the Central Okanagan as well as the overall combined sales volume, but the average sale price was down - in the Mid $550,000 range.

Weekly Top Property –      #10 2368 Abbott Street, Kelowna, V1Z 9G7

This house has a 2,065 finished floor area, built in 1989.  3 bedrooms and 3 baths on a 0.17 acre lot.  Listed on the market for $ 2,599,000.  It sold in 112 days, for $ 2,450,000.  
       
             Marketed as:

Lakefront unit.  Exceptionally re-designed and completely remodelled home! Highest of quality in finish and design, top-of-the-line appliances, luxury master suite, double garage, two additional bedrooms, 3 full bathrooms, glass wine storage area, outdoor kitchen area on spacious lakeside patio. Outstanding view of the lake. Gated neighborhood.


Based on 2018 taxes = $8,957

Here is a look at the basic statistics for residential real estate sales:

Status: Sold (116)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$49,000
$45,000
3

1

Max
$2,599,000
$2,450,000
431
7
5
4985
Avg
$577,850
$553,801
77
3
2
1707
Sum
$67,030,551
$64,240,873





Criteria:




MLS is 'OMREB'
Major Area is 'Central Okanagan'
Sold Date is 8/20/2018 to 8/26/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'

Compared to last week

Status: Sold (100)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$79,900
$77,000
3

1

Max
$5,998,000
$5,745,000
198
7
6
5411
Avg
$619,970
$602,484
50
3
2
1873
Sum
$61,996,998
$60,248,375




 

 

Breakdown of the Sales for the Week
Lots & Acreages

2

Manufactured Homes

5

Recreational

0

Single Family Residential

51

Strata - Apartments

39

           - Townhouses

19

 

 



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