Bare Land Lot Sales Improvement

 

market update Bare Land Lot Sales ImprovementLast 30 days sale pace MLS Summerland is over 1 sale per day, with 38 newly listed (or re-listed) same 30 day window.

Of the 4 lots sold in Summerland, the prices were:
$125,000 $180,000 $90,000 and $44,000 with the latter two being very difficult to obtain a building permit, if at all.

The incredible thing is that the 4 lots selling this last 30 days compared with only 2 others YEAR TO DATE! So, of the 6 lots sold in Summerland 2013, 4 have been in the last 30 days.

The biggest impact on lot supply have been the strata listings overlooking the Yacht Club, priced from $299,900 to $499,900. These are the highest price strata lots in Summerland.

The lowest price lots are the Strata at Rock Garden estates, with 4 active, priced from $99,900 to $129,500.

The average list price of the 60 active lots is $398,986 and average days on market (length of time sitting unsold on the market) is 136 days.

Sedona Heights has 3 active lots for sale MLS, $189,900, $269,900 and $284,900

You are welcome to contact me with any question, concern or comment at any time.

PS We are getting good interest in the larger parcel bare land lots right now so that is ANOTHER positive indicator in our changing market.

 

Patrick Murphy 250 486 2529 call or text anytime.

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