More market info…Incredible Statistics

South Okanagan Market Update November 1 2011
In the last 90 days there have been 67 solds in Residential Summerland MLS.  The average list price of these solds was $370,423 and the average sale price was $351,217.  The lowest sold price was $41,500 for a mobile home on pad rental, and the highest price was $1million for a waterfront lot in Trout Creek.  That was the only sale above $760,000 in this time frame, and it had been on the market for over 900 days.

There are currently 337 active listings in Residential Summerland MLS.  The average list price is $510,506, with 28 active listings asking over $1million.  The most expensive is for $9,338,000 for a winery on 13 acres overlooking Okanagan lake.
There have been 91 Residential Summerland MLS listings that expired off the market in the last 60 days.
For more detailed information, contact Patrick Murphy 250 486 2529
RE/MAX Orchard Country
10124 Main St Summerland

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