Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2022.
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Central Okanagan: Kelowna and Lake Country

There were 170 sales, 1,091 active listings, and $1,017,500 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 126 sales and 497 active listings at the end of the month. The average sale price was $526,700. Townhome sales were 54, active listings were 291 and the average sale price was $772,700. It’s a buyer’s market for single family homes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $739,000. At the end of the month, there were 69 sales and 349 active listings. There were 17 sales and 49 active listings for condos. The average sale price was $328,100. In comparison, townhomes featured 29 sales, 79 active listings and a $559,700 average sale price. It’s a balanced market for single family homes in North Okanagan.

South Okanagan

There were 64 sales, 361 active listings, and $791,000 average sale price for detached homes in the South Okanagan market.
The condo market featured 29 sales and 112 active listings at the end of the month. The average sale price was $459,400. Townhome sales were 17, active listings were 112 and the average sale price was $557,400. It’s a balanced market for single family homes in South 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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.