2012 Real Estate Market Review: Best in FIVE YEARS!

I am not one to ponder on things of the past, but these 2012 Year End Real Estate stats really get me in the mood to make a …Market Comment!
ACTIVE LISTINGS COMMENT (supply)
Right now there are 240 active MLS listings in Summerland:
– 0 lots for under $110,000
– 1 condo for under $130,000 (sat on market for over 2 years)
– 2 mobile homes under $125,000
– 1 modular home for under $200,000
– 3 houses for under $230,000 (2 of them are zoned commercial)
SOLD LISTINGS COMMENT (demand)
As I write this, it appears that the final 2 sales reported Summerland MLS will both be FORECLOSED PROPERTIES. That tells me everything I need to know about demand. Buyers are demanding a decent bargain…or they will not buy.

– Of the 10 most expensive sale in Summerland, RE/MAX ORCHARD COUNTRY outsold its nearest Summerland office competitor by a 3 to 1 ratio!
– 40 sold ROC average days on market
– Three longest time on market sales were 500, 609 and 704 days to find a buyer (none of those patient sellers were listed with RE/MAX)

In closing this Real Estate market review, have a look at the following comparisons:
2012 Sold properties in Summerland: 233
2011 Sold properties in Summerland same time window: 216
2010 Sold properties in Summerland same time window: 163
2009 Sold properties in Summerland same time window: 214
2008 Sold properties in Summerland same time window: 162

Send me a text or email with your guess of how many sold in 2007:

Live & Play, any day, every season…in a small town where life imitates a luxury car commercial
Celebrating a proven past with a progressive future, where vineyards, orchards, and beaches meet in small town charm. Tucked away off hwy 97 in the middle of the Okanagan.

Thank you,
Patrick Murphy 250 486 2529
– Trusted
– Respected
– Connected
– Experienced
Always active on Twitter @pmurphy88
Always current on the blog www.youroklife.com
Often fun on Facebook
Forever grateful for kind referrals
Nobody in the World Sells More Real Estate than RE/MAX, and only Patrick Murphy offers the widest advertising coverage of Summerland properties across Western Canada and Northern BC into Alberta.
Call or text Patrick now, 250 486 2529
RE/MAX Orchard Country 10124 Main St Summerland

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