Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2022.
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Central Okanagan: Kelowna and Lake Country
There were 124 sales, 1,126 active listings, and $1,060,400 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 85 sales and 461 active listings at the end of the month. The average sale price was $522,100. Townhome sales were 52, active listings were 281 and the average sale price was $783,500. It’s a buyer’s market for single family 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 $774,400. At the end of the month, there were 86 sales and 330 active listings. There were 18 sales and 51 active listings for condos. The average sale price was $325,900. In comparison, townhomes featured 24 sales, 73 active listings and a $593,600 average sale price. It’s a seller’s market in North Okanagan.
There were 77 sales, 379 active listings, and $817,900 average sale price for detached homes in the South Okanagan market.
The condo market featured 21 sales and 119 active listings at the end of the month. The average sale price was $452,900. Townhome sales were 18, active listings were 91 and the average sale price was $585,600. It’s a balanced 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 email@example.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/.