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North Okanagan Real Estate Report November, 2017

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


November 2017

The top home sale in the North Okanagan was this rancher with basement in Coldstream. Built in 2015, this 4 bedroom, 4 bath home was brought to the MLS® for the first time at $1,425,000. and sold after 93 days on the market for $1,312,000.

92 Ravine Drive, Coldstream, V1B 4C9

Marketed as:

Designed and built with careful consideration to details, this luxurious 5 acre property is situated in the prestigious Ranchland subdivision of Coldstream and offers breathtaking panoramic lake and valley views. Offering ultimate privacy, this property backs onto Crown Land. Less than 40 minutes from Silver Star Mountain and the Kelowna Airport. The low profile rooflines, 4 ft overhangs and hidden gutters give this house a truly unique, modern feel. Entertain your friends and family in the open concept kitchen and enjoy the sleek, clean lines of the rift white oak high end cabinetry, luxurious white quartz countertops, touch20 faucet and ample storage. Also on the main floor, the master bedroom combines both beauty and functionality with a custom oak bed with built-in TV. Enjoy the Spa inspired ensuite and the generously sized 90ft master walk-in closet.

And now on to our regular North Okanagan residential real estate market activity report, based on MLS® sales reported by real estate offices  November  1st -  30th, 2017.


Condo/Apartments

Sales

21

New Listings

23

Current Inventory

67

Number of Months

3

Sell/Inv. Ratio

31.34%

Days to Sell

53

Days – Range

3 to 264

Average Price

$219,504

Median Price

$192,000

Price - Range

$87,000  -  $650,888

Hottest Neighbourhood

Vernon City




Condo/Townhouses

Sales

16

New Listings

30

Current Inventory

74

Number of Months

5

Sell/Inv. Ratio

21.62%

Days to Sell

35

Days – Range

4 to 147

Average Price

$333,034

Median Price

$312,625

Price - Range

$172,900  -  $559,000

Hottest Neighbourhood    

Okanagan Landing


Lots & Acreages

Sales

12

New Listings

43

Current Inventory

329

Number of Months

27

Sell/Inv. Ratio

3.65%

Days to Sell

295

Days – Range

15 to 1,991

Average Price

$248,500

Median Price

$210,000

Price - Range

$80,000  -  $700,000

Hottest Neighbourhood    

Armstrong/Spall



Time frame is from Jan 2016 to Dec 2017
Property Type is 'Single Family Residential'
MLS is 'OMREB'
Major Area is 'North Okanagan'


Residential

Sales

66

New Listings

81

Current Inventory

265

Number of Months

4

Sell/Inv. Ratio

24.91%

Days to Sell

79

Days – Range

1 to 834

Average Price

$458,805

Median Price

$429,500

Price - Range

$211,000  -  $2,000,000

Hottest Neighbourhood    

Armstrong/Spall


Ratio of Sales vs Inventory                 19.62%



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