Overall in the region residential property sales were UP. This week, against normal trend the Central Okanagan was the only zone to experience a decline in sales. However, very robust increased in the North and Shuswap zones carried the region forward. With the geographic shift - you will also note a lessening in the average sale price.

Here is a look at the Okanagan Shuswap basic residential statistics:


Okanagan Shuswap Properties for Sales (159)

Status: Sold (159)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$16,000
$14,000
2
1
1

Max
$2,499,000
$2,250,000
470
8
7
6342
Avg
$455,495
$445,515
79
3
2
1610
Sum
$72,423,652
$70,836,934




Criteria:

MLS is 'OMREB'

Major Area is one of 'Central Okanagan', 'North Okanagan', 'Shuswap / Revelstoke'

Sold Date is 2/19/2018 to 2/25/2018

Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'


Compared to last week

Status: Sold (129)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$79,900
$75,000
-1

1

Max
$4,395,000
$4,130,000
2497
7
4
5242
Avg
$576,076
$561,359
91
3
2
1881
Sum
$74,313,773
$72,415,363





Here is a look at the vast difference in what the dollar can buy across the 3 zones - from a Kelowna townhome, a Coldstream home in the North  to a small acreage home in the Shuswap  - a difference of only $10,000.

Central Okanagan –     #115 133 Wyndham Crescent, Kelowna, V1V 1Y8

Built in 1995, this townhouse has a 1,683 finished floor area.  Additional features include 4 bedrooms, and 3 washrooms.  The listed price was $454,900.  It sold in 19 days for $443,800.



Marketed as:

Stylish Townhouse.  4 bdrm, 3 bath, gas f/p, Laminate floors. Partially fin basement with family room, full bath and generous size bedroom with natural light. Walk to schools & shopping.


North Okanagan –     272 Scenic Drive, Coldstream, V1B 2X4

Built in 1985, this rancher with basement has a 1,847 finished floor area.  4 bedrooms, and 3 baths.  The listed price was $469,900.  It sold in 13 days for $440,000.

      

Marketed as:

Four bedroom home.  View lot with access from two streets. Great opportunity for the home handy man in this solid home with full walkout basement. 0.49 acre lot has a gentle slope.

Shuswap –      2849 Garland Road, Celista, V0E 1M6

Built in 1986, this house has a 1,477 finished floor area.  Additional features include 3 bedrooms, and 2 washrooms.  The listed price was $459,900.  It sold in 290 days for $450,000.


Open concept home on a nice 4 acres.  The home has hardwood floors and a large deck to enjoy spending days & evenings on. Nicely landscaped with a natural pond, seasonal creek and garden area. Mature perennial beds that look after themselves. Detached double garage with workshop and a 30x50 foot equipment shed show good value on this acreage.


Breakdown of the Sales for the Week
Lots & Acreages

14

Manufactured Homes

7

Recreational

0

Single Family Residential

78

Strata - Apartments

39

           - Townhouses

21