Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

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January 1 - March 31, 2013 MARKET ANALYSIS Okanagan Landing Vernon BC Residential MLS® Real Estate Update OkanaganRealEstateUmbrella.com

description

In this presentation we look at the Okanagan Landing neighbourhood of Vernon BC within the North Okanagan Zone. All data is from the Okanagan Mainline Real Estate Board database. 14 residential MLS® property sales were reported in the first quarter of 2013 (Jan. 1 - March 31, 2013) There were no sales of bare land in the property mix, but there were manufactured homes, town homes and one home on acreage. Visit our Okanagan Landing pages at http://www.OkanaganRealEstateUmbrella.com to access information about the properties that sold. If you are looking to buy or sell real estate in Okanagan Landing, we hope you find this information useful. If you are not already in a happy, committed relationship with a REALTOR® we'd love to apply for the job when you are ready to talk about your next move. If you have any questions or comments, we'd love to hear from you. Feel free to call or text us 250-308-4310 Warmest regards, Brell Brenda Ellis Sutton Group - Lakefront Realty, Vernon Bc

Transcript of Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

Page 1: Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

January 1 - March 31, 2013

MARKET ANALYSIS

Okanagan Landing Vernon BC

Residential MLS® Real Estate Update

OkanaganRealEstateUmbrella.com

Page 2: Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

Minimums and MaximumsThis page summarizes key fields of the listings in this analysis.

Wednesday, April 10, 2013

The listings in this analysis can be summarized as follows:

Priced between $39,900 and $649,000

Selling Price between $31,000 and $635,000

1040 to 2910 Square Feet

1.0 to 3.0 Bathrooms

2 to 4 Bedrooms

$28 to $369 per Square Foot

15 to 507 Days on Market

Built between 1940 and 2009

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Results are from the Okanagan Mainline Real Estate database for MLS residential sales reported in the 1 st quarter of 2013 in the Okanagan Landing sub area, In Vernon BC real estate.
If you would like to know more about properties in the Okanagan Landing area of Vernon BC or elsewhere in the Okanagan - Shuswap please visit us online at http://www.OkanaganReal EstateUmbrella.com or feel free to call or text me at 250-308-4310.
Page 3: Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

Number of Days On MarketThis graph illustrates the number of days on market for the listings in this analysis.

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Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Average days on the market on Okanagan Landing for the first quarter of 2012 was 141.
Page 4: Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

Original Price, Adjusted Price, and Sale Price

This graph illustrates the original and adjusted list price, along with sale price in Sold listings.

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Price Graph

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Average sale price in Okanagan Landing in the first quarter of 2013Was $300,801.
Page 5: Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

CMA Pro Report

These pages give a general overview of the selected properties.

Wednesday, April 10, 2013

Sold Properties

Total # of Listings

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Avg. Price/SqFt

Avg DOM

$31,000

$635,000

$300,801

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$174.75

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#116600 Okanagan Avenue

#179845 Eastside Road

#265886 Okanagan Landing Road

#2696900 Tronson Road

#2796900 Tronson Road

#426900 Marshall Road

#472727 Lakeshore Road

#576688 Tronson Road

#629845 Eastside Road

#74990 25 Avenue

#77760 Okanagan Landing Road

6125 Okanagan Avenue

7504 Klinger Road

8980 Okanagan Landing Road

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Page 6: Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

CMA Pro Report

These pages give a general overview of the selected properties.

Wednesday, April 10, 2013

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Summary Graph/Analysis

Cumulative Analysis

Listing Category Avg $ Per SqFtAverage PriceLowest Price Highest Price

$31,000 $635,000 $174.75$300,801Sold

$300,801Totals / Averages $174.75$31,000 $635,000

Address DOM SP/OPOrig Price Sold Price

Sold Property Analysis

SP/Sqft

#2696900 Tronson Road -%22.31 $28.18$31,000 119$39,900

#2796900 Tronson Road -%9.57 $53.13$72,250 138$79,900

#74990 25 Avenue -%5.29 $127.40$132,500 40$139,900

#576688 Tronson Road -%3.55 $130.61$163,000 126$169,000

#472727 Lakeshore Road -%3.11 $134.11$184,000 41$189,900

#265886 Okanagan Landing Road -%3.41 $172.84$280,000 71$289,900

#116600 Okanagan Avenue -%7.89 $154.69$308,460 507$334,900

#426900 Marshall Road -%6.51 $174.78$316,000 349$338,000

7504 Klinger Road -%6.94 $137.07$335,000 54$360,000

#629845 Eastside Road -%1.00 $281.94$395,000 56$399,000

6125 Okanagan Avenue -%18.40 $369.44$399,000 400$489,000

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Page 7: Okanagan Landing, Vernon BC Market Analysis, First Quarter 2013

CMA Pro Report

These pages give a general overview of the selected properties.

Wednesday, April 10, 2013

8980 Okanagan Landing Road %2.24 $186.23$460,000 15$449,900

#77760 Okanagan Landing Road -%8.93 $171.82$500,000 24$549,000

#179845 Eastside Road -%2.16 $324.31$635,000 33$649,000

300,801 319,807.14 141 %-6.92 $174.75Total Averages

Property SummaryPriceS Sold DateBuiltSqftBthBd Orig PriceStreet Address DOM

#2696900 Tronson RoadS $31,000 02/19/20133 1 1973 119$39,9001100

#2796900 Tronson RoadS $72,250 02/04/20134 2 1974 138$79,9001360

#74990 25 AvenueS $132,500 03/01/20132 2 1982 40$139,9001040

#576688 Tronson RoadS $163,000 03/05/20132 2 2006 126$169,0001248

#472727 Lakeshore RoadS $184,000 03/19/20133 2 1981 41$189,9001372

#265886 Okanagan Landing RoadS $280,000 02/05/20133 3 2002 71$289,9001620

#116600 Okanagan AvenueS $308,460 03/20/20133 3 2009 507$334,9001994

#426900 Marshall RoadS $316,000 03/26/20133 3 2009 349$338,0001808

7504 Klinger RoadS $335,000 02/26/20133 3 1972 54$360,0002444

#629845 Eastside RoadS $395,000 01/16/20133 3 2007 56$399,0001401

6125 Okanagan AvenueS $399,000 03/04/20133 1 1940 400$489,0001080

8980 Okanagan Landing RoadS $460,000 03/28/20133 3 1975 15$449,9002470

#77760 Okanagan Landing RoadS $500,000 02/13/20134 3 2006 24$549,0002910

#179845 Eastside RoadS $635,000 03/01/20133 3 2006 33$649,0001958

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis