Okanagan Real Estate Market Statistics – January 2023

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2023.
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Central Okanagan: Kelowna and Lake Country

There were 63 sales, 699 active listings, and $976,800 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 52 sales and 425 active listings at the end of the month. The average sale price was $492,900. Townhome sales were 36, active listings were 230 and the average sale price was $741,600. 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 $696,500. At the end of the month, there were 29 sales and 225 active listings. There were 6 sales and 43 active listings for condos. The average sale price was $310,000. In comparison, townhomes featured 11 sales, 73 active listings and a $551,100 average sale price. It’s a buyer’s market in North Okanagan.

South Okanagan

There were 24 sales, 289 active listings, and $656,500 average sale price for detached homes in the South Okanagan market.
The condo market featured 15 sales and 162 active listings at the end of the month. The average sale price was $389,300. Townhome sales were 11, active listings were 70 and the average sale price was $545,100. It’s a buyer’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 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/.

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