Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in June 2020.
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Central Okanagan: Kelowna and Lake Country
There were 261 sales, 1,070 active listings, and a $748,428 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 97 sales and 702 active listings at the end of the month. The average sale price was $339,241.
Townhome sales were 77, active listings were 408 and the average sale price was $524,638.
It’s a buyer’s market for Condos in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $563,028. At the end of the month, there were 106 sales and 463 active listings.
There were 17 sales and 67 active listings for condos. The average sale price was $221,215.
In comparison, townhomes featured 34 sales, 144 active listings and a $385,894 average sale price.
It’s a seller’s market for condos in North 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 Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.