South Okanagan Market Update: Lots

In the last 12 months, there have been 93 lots sold, combined area of Summerland, Penticton, Naramata and Kaledan/Ok Falls
Lowest price of $48,000 up toward Apex Mountain
Highest price a cool $1million even for a lakefront in Summerland
Average Sold Price $254,174 and average of 168 days to sell.

In Summerland, excluding those other combined areas:
Lowest price of $89,000 (double the Apex sale price)
Highest price a cool $1million for a lakefront in Summerland
Average Sold Price $236,659 and average of 195 days to sell.

Active Listings combined area is an astonishing 227 lots for sale!
Lowest list price is $79,000, again in Kaleden
Highest list price is $7,500,000 for an acreage on Skaha Lake (better hurry, its been sitting there with a Kelowna Realtor for 684 days!)

In Summerland, excluding those other combined areas:
84 active lot listings
Lowest price is $99,900
Highest price is $3,499,000 for an acreage not in ALR
Average list price is $402,440 and there are 6 active from $1million up to $3.5million
The price range $289,000 to $400,000 shows only 4 sold, and 10 active in Summerland.  The semi waterfront lot sold for $345,000 and a large acreage sold for $356,553.  One lot on Randall sold for $320,000 and an oversize lot on Biagioni sold for $284,000.

Patrick Murphy, 250 486 2529

RE/MAX Orchard Country

10124 Main St

Summerland

 

share save 171 16 South Okanagan Market Update: Lots
This entry was posted in Real Estate BLOG. Bookmark the permalink.