Newsroom Archives - macdonald realty
 
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.

Okanagan Real Estate Market Statistics – March 2020

Okanagan Real Estate Market Statistics – March 2020

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

Central Okanagan: Kelowna and Lake Country  

 

Central Okanagan: Kelowna and Lake Country

There were 176 sales, 903 active listings, and a $718,009 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 91 sales and 561 active listings at the end of the month. The average sale price was $331,953.

Townhome sales were 74, active listings were 320 and the average sale price was $516,250.

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

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $509,463. At the end of the month, there were 67 sales and 398 active listings.

There were 12 sales and 65 active listings for condos. The average sale price was $278,692.

In comparison, townhomes featured 28 sales, 119 active listings and a $356,337 average sale price.

It’s a balanced market in North Okanagan.

North Okanagan: Vernon and surrounding area

 

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 – February 2020

Okanagan Real Estate Market Statistics – February 2020

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

Central Okanagan: Kelowna and Lake Country  

There were 122 sales, 800 active listings, and a $734,799 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 88 sales and 495 active listings at the end of the month. The average sale price was $351,814.
Townhome sales were 50, active listings were 320 and the average sale price was $530,487.
It’s a buyer’s market for homes and townhomes in Central Okanagan. Updated monthly, real estate market statistics from Macdonald Realty on Okanagan listings and sales, including Kelowna and Vernon. February 2019

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $519,583. At the end of the month, there were 56 sales and 340 active listings.
There were 15 sales and 55 active listings for condos. The average sale price was $237,927.
In comparison, townhomes featured 22 sales, 105 active listings and a $360,547 average sale price.
It’s a seller’s market for condos in North Okanagan.
Updated monthly, real estate market statistics from Macdonald Realty on Okanagan listings and sales, including Kelowna and Vernon. February 2019

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.

Share your love of BC with us for a chance to win a $1,000

Share your love of BC with us for a chance to win a $1,000

This March we are launching our new campaign around our deep roots in this province: #homeisBC.

Home is where you grow, play, create and work.
A home is what you make it, it’s where you rest your head,
connect with your family, and what comforts you.
It’s where you sail the ocean, hike the mountains, and cruise the cities.
At Macdonald Realty we are #realproud to say, home is BC.

 

 

What does home is BC mean to you?
Capture your favourite #homeisBC moment on Instagram, use the hashtag #homeisBC and tag us for a chance to win a $1,000 Gift Card.

macdonald realty contest home is bc #homeisbc

Check out homeisbc.ca for more details on the contest.

About Macdonald Realty:
With over 20 offices and 75 years of experience we know each community’s unique identity because we not only work here, we live here. We do things with pride. We do things with optimism. We do dreams. We do real life. We do things with a long-term view. We do it because we’ve been there and we know how to make things happen for our clients. At Macondald Realty we are #realproud that home is BC.

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