Newsroom Archives - macdonald realty
 
Okanagan Real Estate Market Statistics – August 2020

Okanagan Real Estate Market Statistics – August 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 317 sales, 961 active listings, and an $816,767 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 146 sales and 667 active listings at the end of the month. The average sale price was $370,620.
Townhome sales were 110, active listings were 364 and the average sale price was $582,185.
It’s a seller’s market for homes and townhomes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $643,995. At the end of the month, there were 139 sales and 451 active listings.
There were 18 sales and 90 active listings for condos. The average sale price was $256,889.
In comparison, townhomes featured 47 sales, 114 active listings and a $371,089 average sale price.
It’s a seller’s market for homes and townhomes in North Okanagan. 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Okanagan Real Estate Market Statistics – July 2020

Okanagan Real Estate Market Statistics – July 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 336 sales, 1,055 active listings, and an $812,875 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 150 sales and 707 active listings at the end of the month. The average sale price was $360,253.
Townhome sales were 123, active listings were 383 and the average sale price was $550,230.
It’s a seller’s market for homes and townhomes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $594,644. At the end of the month, there were 148 sales and 452 active listings.
There were 18 sales and 82 active listings for condos. The average sale price was $274,450.
In comparison, townhomes featured 47 sales, 129 active listings and a $380,798 average sale price.
It’s a seller’s market for homes and townhomes in North Okanagan. 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Okanagan Real Estate Market Statistics – June 2020

Okanagan Real Estate Market Statistics – June 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in June 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 261 sales, 1,070 active listings, and a $748,428 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 97 sales and 702 active listings at the end of the month. The average sale price was $339,241.
Townhome sales were 77, active listings were 408 and the average sale price was $524,638.
It’s a buyer’s market for Condos in Central Okanagan.

central and north okanagan real estate market stats

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $563,028. At the end of the month, there were 106 sales and 463 active listings.
There were 17 sales and 67 active listings for condos. The average sale price was $221,215.
In comparison, townhomes featured 34 sales, 144 active listings and a $385,894 average sale price.
It’s a seller’s market for condos in North Okanagan. 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Okanagan Real Estate Market Statistics – May 2020

Okanagan Real Estate Market Statistics – May 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2020.   

Central Okanagan: Kelowna and Lake Country

There were 139 sales, 1,040 active listings, and a $724,767 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 54 sales and 615 active listings at the end of the month. The average sale price was $321,526.

Townhome sales were 54, active listings were 396 and the average sale price was $480,139.

It’s a buyer’s market in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $505,044. At the end of the month, there were 70 sales and 459 active listings.

There were 11 sales and 68 active listings for condos. The average sale price was $156,309.

In comparison, townhomes featured 18 sales, 141 active listings and a $347,075 average sale price.

It’s a buyer’s market in North Okanagan.

 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Okanagan Real Estate Market Statistics – April 2020

Okanagan Real Estate Market Statistics – April 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2020.   

Central Okanagan: Kelowna and Lake Country

There were 102 sales, 941 active listings, and a $713,450 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 37 sales and 571 active listings at the end of the month. The average sale price was $335,673.

Townhome sales were 40, active listings were 363 and the average sale price was $498,853.

It’s a buyer’s market in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $509,083. At the end of the month, there were 40 sales and 407 active listings.

There were 7 sales and 73 active listings for condos. The average sale price was $251,022.

In comparison, townhomes featured 8 sales, 132 active listings and a $294,831 average sale price.

It’s a Buyer’s market in North Okanagan.

 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Macdonald Realty donates to Victoria Rapid Relief Fund  for coronavirus emergency relief

Macdonald Realty donates to Victoria Rapid Relief Fund for coronavirus emergency relief

VANCOUVER, B.C. – (April 24, 2020) – Macdonald Realty Victoria has committed to donating a portion of their agent’s monthly office fees to the Victoria Rapid Relief Fund which is raising money for coronavirus emergency relief in the capital region.  The first monthly contribution of $1200 was delivered to The Victoria Foundation who chairs the fund, with a commitment to continue the monthly donations while Macdonald Realty agents work from home during physical distancing.

“We saw an opportunity to shift the focus and support our community during this critical time, ” says Ara Balabanian, Managing Broker of Macdonald Realty’s Victoria and Sidney offices. “Real Estate has been deemed an essential service by the BC Government so while the doors to our office are closed, we are fortunate to be able to continue offering essential services to clients from our homes. Our agents are happy to see a portion of their office fees redirected to support this worthwhile cause.”

The Victoria Rapid Relief Fund was established to provide funds to local Registered Charities and Qualified Donees providing front-line services to vulnerable populations whose staff, volunteers, programs, and operations have been disproportionately impacted by COVID-19. Since March 21st they have raised over $5 million dollars.

Picture from The Victoria Foundation Facebook Page

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About Macdonald Real Estate Group:  Founded in Vancouver in 1944, Macdonald Realty (macrealty.com) has grown to become BC’s largest full-service corporately owned real estate company, with over 20 offices, 1,000 agents and staff in the province, and nearly $6 billion in annual sales.

In addition to residential sales, Macdonald Commercial has over 40 dedicated commercial agents with a head office in Vancouver and a new Fraser Valley office in South Surrey; Macdonald Property Management currently manages over $5 billion in BC properties; and Macdonald Platinum Marketing has sold over $2 billion in luxury new construction.

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