Okanagan Real Estate Market, Summerland snapshot

Glimpse of this Okanagan Real Estate Market:

The Summerland Real Estate Market is significantly improved…sort of.

General Comment:
Sales are much stronger this spring, as evidenced by the following statistical comparion of ytd sales:
2012 = 70
2011 = 50
2010 = 50
2009 = 21
2008 = 57
2007 = 74
2006 = 76
2005 = 91

The stats are for MLS Summerland including all lots, condos, single family…every MLS sale in Summerland.

The “sort of” comes into play when the price range over $465,000 is looked at in particular.  There have only been 3 single family homes sold ytd for over $465,000!  There have been acreage sales, and there have been waterfront sales in this price category.  But, for single family home to achieve oveer $465,000 has been very little RESULTS.  Good news is that of those 3, my office has been involved in two of them!

Patrick Murphy 250 486 2529


PS For specific info anytime, just give me a call 250 486 2529


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