Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2022.
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Central Okanagan: Kelowna and Lake Country
There were 231 sales, 306 active listings, and $1,094,000 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 167 sales and 198 active listings at the end of the month. The average sale price was $550,700. Townhome sales were 99, active listings were 76 and the average sale price was $739,400. It’s a seller’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 $743,300. At the end of the month, there were 72 sales and 117 active listings. There were 20 sales and 38 active listings for condos. The average sale price was $349,000. In comparison, townhomes featured 30 sales, 41 active listings and a $475,000 average sale price. It’s a seller’s market in North Okanagan.
There were 86 sales, 137 active listings, and $716,700 average sale price for detached homes in the South Okanagan market.
The condo market featured 32 sales and 83 active listings at the end of the month. The average sale price was $408,000. Townhome sales were 20, active listings were 31 and the average sale price was $486,300. It’s a seller’s market 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 firstname.lastname@example.org 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/.