vernon bc east hill residential real estate market analysis

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January 1 - March 31, 2013 MARKET ANALYSIS OkanaganRealEstateUmbrella.com East Hill Vernon BC Residential MLS® Real Estate Update

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This report focuses on the East Hill neighbourhood or sub- area of Vernon BC. All information is generated from the Okanagan Mainline Real Estate Board database. The East Hill is located close to downtown Vernon, and has a long history of being a stable real estate area. Homes range in size and age - it is the most popular area for heritage homes - as it finds its roots deep in Vernon's history. Very few lots ever come for sale here as most land has been developed. On occasion, larger lots may apply for subdivision and a new home will creep in here or there. There are a few townhome complexes in the East Hill as well, but no Apartments at this point in time. If you are looking to relocate to this area, check out our online East Hill resources, including our MLS® listing portal at http://www.ForSaleInEastHill.com Feel free to call or text me at 250-308-4310 to chat about buying or selling real estate in East Hill, Vernon BC or the Okanagan Shuswap. Warmest Regards, Brell

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Page 1: Vernon BC East Hill Residential Real Estate Market Analysis

January 1 - March 31, 2013

MARKET ANALYSIS

OkanaganRealEstateUmbrella.com

East Hill Vernon BC

Residential MLS® Real Estate Update

Page 2: Vernon BC East Hill Residential Real Estate Market Analysis

Minimums and MaximumsThis page summarizes key fields of the listings in this analysis.

Thursday, April 11, 2013

The listings in this analysis can be summarized as follows:

Priced between $195,900 and $474,900

Selling Price between $189,000 and $459,000

975 to 3500 Square Feet

1.0 to 5.0 Bathrooms

1 to 6 Bedrooms

$101 to $232 per Square Foot

11 to 484 Days on Market

Built between 1935 and 1997

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

All residential MLS property sales reported in the East Hill neighbourhood of Vernon BC real estate January 1 - March 31, 2013. Most East Hill sales are single family homes. In this report 1 was a home with acreage on Pottery Road, and three sales were town homes.
If you would like to know more about the popular East Hill, Vernon BC neighbourhoodor elsewhere in the Okanagan - Shuswap, please visit our real estate sitehttp://www.OkanaganRealEstateUmbrella.com or feel free to text or call me 250-308-4310
Page 3: Vernon BC East Hill Residential Real Estate Market Analysis

Number of Days On MarketThis graph illustrates the number of days on market for the listings in this analysis.

Thursday, April 11, 2013

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Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

In the East Hill, the average length of the listing period on properties reported sold in the first quarter of 2013 was 112 days. This is lower than the regional average for daddy's to sell in this timeframe. Overall average days to sell was reported at 169.
Page 4: Vernon BC East Hill Residential Real Estate Market Analysis

Original Price, Adjusted Price, and Sale Price

This graph illustrates the original and adjusted list price, along with sale price in Sold listings.

Thursday, April 11, 2013

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Price Graph

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

The average sale price in East Hill, Vernon BC for the first quarter was $322,677. This ia higher than the overall zone average sale price of $305,254 for the same period (Jan. 1 - March 31, 2013)
Page 5: Vernon BC East Hill Residential Real Estate Market Analysis

CMA Pro Report

These pages give a general overview of the selected properties.

Thursday, April 11, 2013

Sold Properties

Total # of Listings

Lowest Price

Highest Price

Average Price

Avg. Price/SqFt

Avg DOM

$189,000

$459,000

$322,677

112

24

$155.44

0K 100K 200K 300K 400K 500K 600K

#301400 14 Avenue#371400 14 Avenue#591400 14 Avenue

1103 21st Avenue1204 43 Avenue1607 39 Avenue

1607 39A Avenue1702 25 Avenue

1800 Pottery Road1801 32 Avenue

1904 29th Crescent2009 19 Street2102 18 Street

2103 32 Avenue2106 12 Street

2304 36 Avenue2404 18th Street

3009 24 Street3101 15 Street3608 10 Street3911 15 Street

4104 Cascade Drive4405 9 Street

799 Pottery Road

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Page 6: Vernon BC East Hill Residential Real Estate Market Analysis

CMA Pro Report

These pages give a general overview of the selected properties.

Thursday, April 11, 2013

0.0K

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Avg Price Min Price Max Price

Summary Graph/Analysis

Cumulative Analysis

Listing Category Avg $ Per SqFtAverage PriceLowest Price Highest Price

$189,000 $459,000 $155.44$322,677Sold

$322,677Totals / Averages $155.44$189,000 $459,000

Address DOM SP/OPOrig Price Sold Price

Sold Property Analysis

SP/Sqft

#591400 14 Avenue -%9.53 $165.94$189,000 136$208,900

#371400 14 Avenue -%4.61 $187.39$205,000 34$214,900

3101 15 Street -%12.74 $231.79$226,000 199$259,000

3009 24 Street -%3.61 $106.43$240,000 21$249,000

2102 18 Street -%21.43 $100.84$275,000 407$350,000

#301400 14 Avenue -%13.77 $184.56$275,000 180$318,900

2103 32 Avenue -%3.30 $144.57$290,000 16$299,900

1103 21st Avenue -%7.52 $210.71$295,000 126$319,000

2106 12 Street -%1.63 $169.93$295,000 96$299,900

2304 36 Avenue -%1.28 $142.92$308,000 17$312,000

1607 39 Avenue -%3.13 $117.22$309,000 71$319,000

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Page 7: Vernon BC East Hill Residential Real Estate Market Analysis

CMA Pro Report

These pages give a general overview of the selected properties.

Thursday, April 11, 2013

1702 25 Avenue -%11.40 $140.27$310,000 348$349,900

3911 15 Street -%10.36 $140.97$320,000 112$357,000

1800 Pottery Road -%5.60 $144.40$320,000 26$339,000

3608 10 Street %0.34 $149.27$326,000 11$324,900

1204 43 Avenue -%13.32 $156.80$328,500 206$379,000

2009 19 Street -%3.45 $126.14$333,000 11$344,900

1801 32 Avenue -%1.40 $211.66$345,000 28$349,900

799 Pottery Road %10.32 $190.03$385,000 16$349,000

4405 9 Street -%2.93 $134.88$402,750 14$414,900

2404 18th Street -%0.22 $130.30$409,000 32$409,900

1607 39A Avenue -%8.33 $156.61$449,000 484$489,800

4104 Cascade Drive -%6.23 $155.71$450,000 91$479,900

1904 29th Crescent -%2.32 $131.14$459,000 15$469,900

322,677 342,020.83 112 %-5.73 $155.44Total Averages

Property SummaryPriceS Sold DateBuiltSqftBthBd Orig PriceStreet Address DOM

#591400 14 AvenueS $189,000 03/06/20132 2 1990 136$208,9001139

#371400 14 AvenueS $205,000 03/12/20132 2 1991 34$214,9001094

3101 15 StreetS $226,000 02/01/20133 1 1950 199$259,000975

3009 24 StreetS $240,000 03/20/20134 2 1965 21$249,0002255

2102 18 StreetS $275,000 01/21/20133 3 1970 407$350,0002727

#301400 14 AvenueS $275,000 02/15/20132 2 1990 180$318,9001490

2103 32 AvenueS $290,000 03/08/20133 2 1950 16$299,9002006

1103 21st AvenueS $295,000 01/10/20133 2 1973 126$319,0001400

2106 12 StreetS $295,000 01/30/20133 2 1972 96$299,9001736

2304 36 AvenueS $308,000 03/21/20134 2 17$312,0002155

1607 39 AvenueS $309,000 01/22/20135 3 1985 71$319,0002636

1702 25 AvenueS $310,000 03/16/20134 2 1960 348$349,9002210

3911 15 StreetS $320,000 01/09/20133 2 1976 112$357,0002270

1800 Pottery RoadS $320,000 02/12/20133 3 1991 26$339,0002216

3608 10 StreetS $326,000 03/07/20134 3 1978 11$324,9002184

1204 43 AvenueS $328,500 02/07/20135 3 1975 206$379,0002095

2009 19 StreetS $333,000 03/15/20135 3 1974 11$344,9002640

1801 32 AvenueS $345,000 02/14/20133 2 1935 28$349,9001630

799 Pottery RoadS $385,000 03/07/20133 2 1957 16$349,0002026

4405 9 StreetS $402,750 03/18/20136 4 1993 14$414,9002986

2404 18th StreetS $409,000 01/11/20135 3 32$409,9003139

1607 39A AvenueS $449,000 03/07/20134 3 1977 484$489,8002867

4104 Cascade DriveS $450,000 02/19/20135 4 1997 91$479,9002890

1904 29th CrescentS $459,000 03/04/20131 5 1959 15$469,9003500

Sutton Group-Lakefront Realty 250-549-3944

Researched and prepared by Brenda Ellis

Seven properties were discounted more than 10%