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Vernon BC East Hill Residential Real Estate Market Analysis
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Vernon BC East Hill Residential Real Estate Market Analysis

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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 …

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

Published in: Business, Real Estate

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  • 1. East Hill Vernon BC Residential MLS® Real Estate Update MARKET ANALYSIS January 1 - March 31, 2013OkanaganRealEstateUmbrella.com
  • 2. Thursday, April 11, 2013Minimums and MaximumsThis page summarizes key fields of the listings in this analysis. 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. 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 1 to 6 Bedrooms 1.0 to 5.0 Bathrooms 975 to 3500 Square Feet $101 to $232 per Square Foot Built between 1935 and 1997 11 to 484 Days on Market If you would like to know more about the popular East Hill, Vernon BC neighbourhood or elsewhere in the Okanagan - Shuswap, please visit our real estate site http://www.OkanaganRealEstateUmbrella.com or feel free to text or call me 250-308-4310 Researched and prepared by Brenda Ellis Sutton Group-Lakefront Realty 250-549-3944
  • 3. Thursday, April 11, 2013Number of Days On MarketThis graph illustrates the number of days on market for the listings in this analysis. DOM / MLS® Number 500 400 300 DOM 200 100 0 10 59 95 10 51 66 10 60 76 10 38 83 10 53 54 10 59 44 10 53 43 10 56 41 10 60 46 10 56 87 10 44 66 10 54 30 10 58 36 10 60 50 10 51 33 10 60 09 10 58 02 10 59 45 10 60 40 10 57 01 10 37 20 10 56 99 97 6 75 05 83 0 7 0 2 0 4 0 2 0 8 0 0 0 9 0 9 0 0 0 5 0 5 0 6 0 3 0 4 0 1 0 2 0 6 0 4 0 8 0 6 0 4 0 9 10 55 0 10 MLS Number 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 daddys to sell in this timeframe. Overall average days to sell was reported at 169. Researched and prepared by Brenda Ellis Sutton Group-Lakefront Realty 250-549-3944
  • 4. Thursday, April 11, 2013Original Price, Adjusted Price, and Sale PriceThis graph illustrates the original and adjusted list price, along with sale price in Sold listings. Original Price Adjusted Price Price Graph Sold Price 520K 480K 440K 400K Original Price 360K 320K 280K 240K 200K 160K 10055795 10059266 10051476 10060283 10038854 10053044 10059943 10053941 10056046 10060587 10056566 10044630 10054336 10058450 10060133 10051209 10060602 10058445 10059840 10060601 10057420 10037999 10056836 10059775 MLS® # 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) Researched and prepared by Brenda Ellis Sutton Group-Lakefront Realty 250-549-3944
  • 5. Thursday, April 11, 2013CMA Pro ReportThese pages give a general overview of the selected properties.Sold Properties #301400 14 AvenueTotal # of Listings 24 #371400 14 AvenueLowest Price $189,000 #591400 14 Avenue 1103 21st AvenueHighest Price $459,000 1204 43 Avenue 1607 39 AvenueAverage Price $322,677 1607 39A AvenueAvg. Price/SqFt $155.44 1702 25 Avenue 1800 Pottery RoadAvg DOM 112 1801 32 Avenue 1904 29th Crescent 2009 19 Street 2102 18 Street 2103 32 Avenue 2106 12 Street 2304 36 Avenue 2404 18th Street 3009 24 Street 3101 15 Street 3608 10 Street 3911 15 Street 4104 Cascade Drive 4405 9 Street 799 Pottery Road 0K 100K 200K 300K 400K 500K 600K Researched and prepared by Brenda Ellis Sutton Group-Lakefront Realty 250-549-3944
  • 6. Thursday, April 11, 2013CMA Pro ReportThese pages give a general overview of the selected properties. Summary Graph/Analysis 500.0K 400.0K 300.0K 200.0K 100.0K 0.0K Avg Price Min Price Max PriceCumulative Analysis Listing Category Lowest Price Highest Price Average Price Avg $ Per SqFt Sold $189,000 $459,000 $322,677 $155.44Totals / Averages $189,000 $459,000 $322,677 $155.44Sold Property Analysis Address Orig Price Sold Price DOM SP/OP SP/Sqft#591400 14 Avenue $208,900 $189,000 136 -%9.53 $165.94#371400 14 Avenue $214,900 $205,000 34 -%4.61 $187.393101 15 Street $259,000 $226,000 199 -%12.74 $231.793009 24 Street $249,000 $240,000 21 -%3.61 $106.432102 18 Street $350,000 $275,000 407 -%21.43 $100.84#301400 14 Avenue $318,900 $275,000 180 -%13.77 $184.562103 32 Avenue $299,900 $290,000 16 -%3.30 $144.571103 21st Avenue $319,000 $295,000 126 -%7.52 $210.712106 12 Street $299,900 $295,000 96 -%1.63 $169.932304 36 Avenue $312,000 $308,000 17 -%1.28 $142.921607 39 Avenue $319,000 $309,000 71 -%3.13 $117.22 Researched and prepared by Brenda Ellis Sutton Group-Lakefront Realty 250-549-3944
  • 7. Thursday, April 11, 2013CMA Pro ReportThese pages give a general overview of the selected properties.1702 25 Avenue $349,900 $310,000 348 -%11.40 $140.273911 15 Street $357,000 $320,000 112 -%10.36 $140.971800 Pottery Road $339,000 $320,000 26 -%5.60 $144.403608 10 Street $324,900 $326,000 11 %0.34 $149.271204 43 Avenue $379,000 $328,500 206 -%13.32 $156.802009 19 Street $344,900 $333,000 11 -%3.45 $126.141801 32 Avenue $349,900 $345,000 28 -%1.40 $211.66799 Pottery Road $349,000 $385,000 16 %10.32 $190.034405 9 Street $414,900 $402,750 14 -%2.93 $134.882404 18th Street $409,900 $409,000 32 -%0.22 $130.301607 39A Avenue $489,800 $449,000 484 -%8.33 $156.614104 Cascade Drive $479,900 $450,000 91 -%6.23 $155.711904 29th Crescent $469,900 $459,000 15 -%2.32 $131.14Total Averages 342,020.83 322,677 112 %-5.73 $155.44 Seven properties were discounted more than 10% Property SummaryS Street Address Bd Bth Sqft Built Orig Price Price Sold Date DOMS #591400 14 Avenue 2 2 1139 1990 $208,900 $189,000 03/06/2013 136S #371400 14 Avenue 2 2 1094 1991 $214,900 $205,000 03/12/2013 34S 3101 15 Street 3 1 975 1950 $259,000 $226,000 02/01/2013 199S 3009 24 Street 4 2 2255 1965 $249,000 $240,000 03/20/2013 21S 2102 18 Street 3 3 2727 1970 $350,000 $275,000 01/21/2013 407S #301400 14 Avenue 2 2 1490 1990 $318,900 $275,000 02/15/2013 180S 2103 32 Avenue 3 2 2006 1950 $299,900 $290,000 03/08/2013 16S 1103 21st Avenue 3 2 1400 1973 $319,000 $295,000 01/10/2013 126S 2106 12 Street 3 2 1736 1972 $299,900 $295,000 01/30/2013 96S 2304 36 Avenue 4 2 2155 $312,000 $308,000 03/21/2013 17S 1607 39 Avenue 5 3 2636 1985 $319,000 $309,000 01/22/2013 71S 1702 25 Avenue 4 2 2210 1960 $349,900 $310,000 03/16/2013 348S 3911 15 Street 3 2 2270 1976 $357,000 $320,000 01/09/2013 112S 1800 Pottery Road 3 3 2216 1991 $339,000 $320,000 02/12/2013 26S 3608 10 Street 4 3 2184 1978 $324,900 $326,000 03/07/2013 11S 1204 43 Avenue 5 3 2095 1975 $379,000 $328,500 02/07/2013 206S 2009 19 Street 5 3 2640 1974 $344,900 $333,000 03/15/2013 11S 1801 32 Avenue 3 2 1630 1935 $349,900 $345,000 02/14/2013 28S 799 Pottery Road 3 2 2026 1957 $349,000 $385,000 03/07/2013 16S 4405 9 Street 6 4 2986 1993 $414,900 $402,750 03/18/2013 14S 2404 18th Street 5 3 3139 $409,900 $409,000 01/11/2013 32S 1607 39A Avenue 4 3 2867 1977 $489,800 $449,000 03/07/2013 484S 4104 Cascade Drive 5 4 2890 1997 $479,900 $450,000 02/19/2013 91S 1904 29th Crescent 1 5 3500 1959 $469,900 $459,000 03/04/2013 15 Researched and prepared by Brenda Ellis Sutton Group-Lakefront Realty 250-549-3944

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