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North Okanagan Real Estate Report August 21, 2018
Residential real estate sales bounced back this week in the North Okanagan, and the average sale price rose as well, so naturally the total sales volume surged climbing back over $21 Million dollars in value traded.
Weekly Top Property - 7467 Brooks Lane, Vernon, V1H 1G6
This 2 story house has a 1,898 finished floor area, and was built in 1950. 4 bedrooms and 2 baths, on a 0.46 acre lot. Listed on the market for $1,499,000. It sold in 93 days, for $1,345,000. According to the history records, back in 2000, the documents show that it was listed on the market for $375,000.
Marketed as:
Older waterfront home on the perfect .46 acre lot. Quiet street - lane access, near level lot and access with just enough slope for a level entry home with walk out basement, level lawn / grass area, nice beach and water and a gradually sloping foreshore with good conditions to build a dock. Self contained guest cabin and double carport for extra parking and extra guests. The home is older and well kept and although it may be worthy of additions and renovations, it is best suited for a summer use and perhaps winter rental until you are ready to build your estate home or fully develop. Lot is approx 63.8' wide at the road, 320' deep on the east side, 305' deep on the south side, 64' wide at the front and 65.87 feet wide on the waterfront.
Based on 2017 taxes = $5,136
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (48) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $29,800 | $29,000 | 13 | 2 | 1 | ||
| Max | $1,369,500 | $1,345,000 | 503 | 6 | 4 | 3879 | |
| Avg | $455,390 | $445,302 | 81 | 3 | 2 | 1781 | |
| Sum | $21,858,700 | $21,374,500 | |||||
Criteria:
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Compared to last week
| Status: Sold (39) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $134,900 | $130,000 | 2 | 2 | 1 | ||
| Max | $899,900 | $875,000 | 302 | 6 | 4 | 3593 | |
| Avg | $437,910 | $428,195 | 68 | 3 | 2 | 1873 | |
| Sum | $17,078,488 | $16,699,595 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 2 |
| Manufactured Homes | 8 |
| Recreational | 0 |
| Single Family Residential | 33 |
| Strata - Apartments | 1 |
| - Townhouses | 4 |