Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2019.
Central Okanagan: Kelowna and Lake Country
There were 118 sales, 721 active listings, and a $679,304 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 74 sales and 409 active listings at the end of the month. The average sale price was $363,855.
Townhome sales were 45, active listings were 267 and the average sale price was $489,376.
It’s a buyer’s market for 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 $479,227. At the end of the month, there were 52 sales and 293 active listings.
There were 12 sales and 62 active listings for condos. The average sale price was $222,333.
In comparison, townhomes featured 17 sales, 104 active listings and a $344,221 average sale price.
It’s a balanced market for homes and condos in North Okanagan.
Looking for more information about the real estate market in specific neighbourhoods in Okanagan?
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.