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Okanagan Shuswap – Residential Property Sales July 24, 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 5 minutes read

Number of sales reported dropped, as did the combined sales volume  but the average sale price was back up over $550,000. Here is a look at the  basic statistics:

Okanagan Shuswap Properties  (166)

Status: Sold (166)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$25,000
$21,000
2



Max
$5,549,000
$5,050,000
298
7
7
4990
Avg
$579,065
$559,869
57
3
3
1790
Sum
$96,124,798
$92,938,250




Criteria:





MLS is 'OMREB'
Major Area is one of 'Central Okanagan', 'North Okanagan', 'Shuswap / Revelstoke'
Sold Date is 7/16/2018 to 7/22/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'


Compared to last week

Status: Sold (186)


List Price
Sold Price
DOM
Beds
Total Baths
Finished Floor Area
Min
$38,500
$35,000
4
1
1

Max
$3,999,000
$3,500,000
418
9
8
7054
Avg
$542,107
$522,876
59
3
2
1860
Sum
$100,831,864
$97,255,001





Here is a comparative look at the values across the 3 zones that make up our region:

Central Okanagan -       2054 Elkridge Drive, West Kelowna, V3T 3J9

Built in 2011, this rancher with basement has a 2,038 finished floor area.  3 bedrooms, and 3 baths.  The listed price was $559,000.  It sold in 50 days for $547,000.

Marketed as:

IMMACULATE 3 bed 2.5 bath family home.  The main level features a stunning kitchen with granite counters and island, sleek white cabinetry, new backsplash, and stainless steel appliances, a bright open living space, dining area with beautiful tray ceiling, master bedroom with 4 piece ensuite, walk in closet, and deck access, powder room updated with newer quartz top vanity, covered deck.  The finished basement includes 2 bedrooms, 1 bathroom, newly installed cabinetry with bar fridge, spacious living space, and utility room with extra storage! Double garage with extra storage. Fully fenced private yard with gorgeous landscaping, flowers, and cherry tree.  Extras include underground irrigation, central AC, LED lights throughout, tinted windows, and phantom screen door at entrance.


North Okanagan -         493 Mabel Lake Road, Lumby, V0E 2G5

Built in 1975, this house has a 2,003 finished floor area.  Additional features include 3 bedrooms, and 2 washrooms.  The listed price was $539,900.  It sold in 59 days for $538,000.
             Marketed as:Outstanding creek-side log home on almost an acre of pure paradise. From the moment you walk through the front door, you can feel yourself relax. The country kitchen with new cabinets and gas stove makes cooking and entertaining a true pleasure. Patio doors off dining area lead to the wrap around deck with outdoor built-in barbecue bar and covered eating area. The wood stove in the living room will warm your heart as well as the house. Just off the living room is the den which can easily be converted back to a third bedroom. The upper level features the master bedroom, the 2nd large bedroom, and a full bathroom. The lower walk-out level has a massive rec/family room with a second wood stove, a workshop area, a laundry room plus plenty of storage. Recent upgrades include a brand new kitchen, windows, Natural gas hot water on demand, high-efficiency gas furnace, and covered deck. Every direction you look provides views of the surrounding mountains all while looking out over the fully landscaped yard with pond and waterfall. The sounds of the creek will serenade you as you entertain on the large deck. Several outdoor storage shelters and a very large carport/workshop complete the package.


Shuswap –     1251 46 Avenue, NE Salmon Arm, V1E 1E3

Built in 1993, this rancher with basement has a 3,223 finished floor area, 5 bedrooms, and 3 baths.  The listed price was $559,900.  It sold in 43 days for $549,950.


   Marketed as:

LOCATION, VIEW, PLENTY OF ROOM. The possibilities with this home are endless. Large level entry lake view home.  Over 1800 sq ft on the main level with 3 bedrooms and 2 baths. The fully finished basement has another 2 large bedrooms and a wet bar area easily converted into a kitchen for a large suite. Extras include A/C, central vac, 2 fireplaces, wired for security system, newer roof and hot water tank. The yard is fenced and there is a large RV pad for your boat or RV or just extra parking.

Here is how the sales broke down by type:


Breakdown of the Sales for the Week
Lots & Acreages

13

Manufactured Homes

6

Recreational

1

Single Family Residential

93

Strata - Apartments

34

           - Townhouses

19




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