It's all about the Location!

Walk to Downtown from this Fantastic Location. 2 beds, 1 bath or 1 bed & Very Large Den. You decide! Updated kitchen, & flooring. Dining and living rooms with fireplace. Large Laundry and storage in suite. Underground parking, with guest parking and storage locker. 2nd bedroom/Den doesn't have a window. Call or text Steve Higgins RE/MAX Kelowna for private viewing. 250-864-7893

Golf Course Living for $312,000.00

#18 144 Sumac Ridge Drive, Summerland BC
Golf Course Living with a Lake View! Beautiful Town Home on the 5th Fairway. Large 1780 Sq. Ft. 3 bedroom, 2 bathroom with Office/Den. Huge east facing deck with Peek a Boo Lake & Golf Course Views. Entertaining size Living & Dining Rooms with Slate Fireplace. Galley Kitchen with Pot Lights & plenty of Cupboards & Counter Space. Single car Garage & Storage. Hot Water Baseboard Heating included in Strata Fees. Many updates. This is a rare opportunity in a great complex. Perfect for a relaxed lifestyle. Only a short walk to Sumac Ridge Estate Winery.

HIGGINS REPORT ON THE MARKET: CENTRAL OKANAGAN MONTHLY STATISTICS FOR MARCH

Stats Comparison 2011 vs. 2012 - March
Number of Sales by Month
March 2011                      March 2012
             356                                   351

Number of Sales Year to Date
March 2011                      March 2012
             818                                   850

Residential House Prices by Month
March 2011                      March 2012
Average    $492,398                       $456,568
Median     $439,000                       $415,000

Residential House Prices Year to Date
March 2011                      March 2012
Average     $463,915                       $439,745
Median      $425,000                       $410,000

Number of Units Listed
March 2011                       March 2012
             1,118                                 1,106

Days to Sell by Month - Residential
March 2011                        March 2012
             80                                       92

Days to Sell Year to Date - Residential
March 2011                         March 2012
             89                                        92

Single Family Sales by Price
Year to Date - January to March 2012

Price range                                 2011                      2012
$0 - $239,999                                11                          12
$240,000 - $319,999                       42                          53
$320,000 - $399,999                     112                        123
$400,000 - $479,999                     101                          87
$480,000 - $559,999                       74                          64
$560,000 - $999,999                       62                          58
$1 million and over                            8                            3

Active Inventory
Central Okanagan - March 2012
Res.                                   1,524
Condo.                                 945
Mobiles                                229
Lots                                      572

Based on MLS® Active Listings & Sold Units as Reported by OMREB in 2011 for Central Okanagan.

HIGGINS REPORT ON THE MARKET....

Stats Comparison 2012 vs. 2011 for the Month of Feb.

Number of Sales by Month:
Feb 2012                        Feb 2011
       289                                 249
Number of Sales Year to Date:
Feb 2012                        Feb 2011
       500                                 462
Residential House Prices by Month
Feb 2012                        Feb 2011
Average $437,267                 $444,134
Median $404,950                  $422,000
Residential House Prices Year to Date:
Feb 2012                         Feb 2011
Average $427,635                 $441,179
Median $403,600                  $413,500
Number of Units Listed:
Feb 2012                           Feb 2011
       954                                    1,022
Days to Sell by Month - Residential:
Feb 2012                           Feb 2011
       83                                      86
Days to Sell Year to Date - Residential:
Feb 2012                            Feb 2011
       91                                       96
Single Family Sales by PriceYear to Date:
                                                           2011         2012

Price range:
$0 - $239,999                                             7              7
$240,000 - $319,999                                  23            34
$320,000 - $399,999                                  72            75
$400,000 - $479,999                                  54            50
$480,000 - $559,999                                  39            33
$560,000 - $999,999                                  31            33
$1 million & over                                        2              1

Active Inventory Central Okanagan - February 2012
Res.- 1,391
Condo. - 922  
Mobiles - 206
Lots - 550

 *Based on MLS® Active Listings & Sold Units as Reported by OMREB in 2011 for Central Okanagan.