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Trout Creek Market Update, Summerland BC Real Estate

August 1 2017

Trout Creek Update

Year to date there have been more properties sold than are currently listed for sale in Trout Creek. Last year, same time frame, there were 25 properties sold, which is exactly the same number of MLS sales reported 2017.

Three properties in Trout Creek have sold this year for over $1million, and last year only one had sold for over a million.

 

TROUT CREEK LOT SALES: 9

The median sale price for lots this year in Trout Creek is $272,000, with one lot selling for over $3million on the water.

 

TROUT CREEK HOUSE SALES: 16

The median sale price for houses this year in Trout Creek is $660,000, with 2 selling for over one million. There have been only 4 houses sold for under $550,000, and average time on market for all houses sold is a brisk 43 days on market before reporting sold.

 

TROUT CREEK ACTIVE HOUSES LISTED FOR SALE: 11

There are currently 6 houses listed for sale in Trout Creek for over $1million. Two of the homes listed for sale under $1million are on the less preferred non-lake side of highway 97, which leaves 3 homes for sale in “Trout Creek” that are priced between $649,000 to $868,000.

 

SUMMARY

If you are thinking of selling, there are serious qualified buyers ready to offer on your sought-after Trout Creek property. Patrick Murphy Re/Max Orchard Country 250 486 2529 Call or Text Direct any time on any BC Property

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Patrick Murphy

My knowledge of Real Estate combined with my local upbringing here has enabled me to do what I love, where I love to live! This has rounded out my vision for a positive lifestyle combination of family, faith and small town living in Summerland.

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