Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2020.
Central Okanagan: Kelowna and Lake Country
There were 116 sales, 743 active listings, and a $724,367 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 64 sales and 466 active listings at the end of the month. The average sale price was $382,445.
Townhome sales were 38, active listings were 282 and the average sale price was $457,615.
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 $502,565. At the end of the month, there were 40 sales and 312 active listings.
There were 12 sales and 58 active listings for condos. The average sale price was $251,093.
In comparison, townhomes featured 24 sales, 95 active listings and a $329,836 average sale price.
It’s a seller’s market for townhomes 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.