Vernon Foothills

The Okanagan Mainline Real Estate Board just released their stats report for September 2007. You can get the full results by visiting their site: http://www.omreb.com/index2.htm 

 One interesting thing I found about the report for the North Okanagan is the following:

•  There were 26 active single family listings in the $600K – $1M range in Sept 2007 compared with 6 in Sept 2006.  There were 4 sales in the $600K – $1M range in Sept 2007 compared with 5 sales in Sept 2006.  We have more expensive homes for sales than this time last year but the number of sales remains the same.  With an increase in supply but constant demand its possible we will see some downward pressure on prices in this range but since its just one months worth of data it is a little too early to say for certain.