Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2022.
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Central Okanagan: Kelowna and Lake Country
There were 86 sales, 679 active listings, and $1,002,400 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 47 sales and 371 active listings at the end of the month. The average sale price was $502,800. Townhome sales were 36, active listings were 220 and the average sale price was $726,300. 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 detached home sale price was $717,100. At the end of the month, there were 27 sales and 211 active listings. There were 12 sales and 38 active listings for condos. The average sale price was $315,300. In comparison, townhomes featured 14 sales, 63 active listings and a $574,400 average sale price. It’s a balanced market for townhomes in North Okanagan.
South Okanagan
There were 35 sales, 272 active listings, and $689,500 average sale price for detached homes in the South Okanagan market.
The condo market featured 20 sales and 149 active listings at the end of the month. The average sale price was $405,700. Townhome sales were 11, active listings were 66 and the average sale price was $546,100. It’s a balanced market for townhomes 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/.
