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North Okanagan Real Estate Report - July 9, 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

Weekly Top Property -       0 Bella Vista Road, Vernon, V1T 6M2  

     Top sale of the week for North Okanagan:  Bella Vista Road located in Vernon.  This 519.53 vacant acre lot was listed on the market for $7,995,000.  It sold  for $7,100,000. Marketed as:      

Agricultural land - 519 acres set in the rolling grassland hills above Okanagan lake. Well suited for GRAPES or CHERRIES, this is a great area for agricultural use, as a holding format. Expansive views in all directions. Adjacent to The Rise Golf Course. There is not any opportunity to develop this property at present. 9.3 hectares of irrigation currently in place on subject properties. Additional irrigation may be purchased at the cost of $6,000 per hectare, plus required offsite costs to upgrade capacity. There is intensive residential development adjacent at The Rise, as well as further down the road at Canadian Lakeview and Adventure Bay likely indicating that residential development will likely occur at a future date.      


Based on 2017 taxes = $161

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

Status: Sold (45)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$84,900
$75,000
11

1

Max
$7,995,000
$7,100,000
484
5
4
3930
Avg
$617,231
$589,826
74
3
2
1728
Sum
$27,775,399
$26,542,150





Criteria: 



MLS is 'OMREB'
Major Area is 'North Okanagan'
Sold Date is 7/2/2018 to 7/8/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'
 

Compared to last week

Status: Sold (36)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$28,900
$24,000
1
1
1

Max
$1,195,000
$1,130,000
117
6
6
4561
Avg
$472,836
$465,453
40
3
2
1877
Sum
$17,022,099
$16,756,300




 

 

Breakdown of the Sales for the Week
Lots & Acreages

4

Manufactured Homes

4

Recreational

0

Single Family Residential

26

Strata - Apartments

3

            - Townhouses

8

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