Okanagan Real Estate Market Statistics – March 2023

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

There were 180 sales, 875 active listings, and $1,001,500 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 130 sales and 497 active listings at the end of the month. The average sale price was $492,600. Townhome sales were 58, active listings were 272 and the average sale price was $703,200. It’s a seller’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 detached home sale price was $728,000. At the end of the month, there were 60 sales and 310 active listings. There were 14 sales and 58 active listings for condos. The average sale price was $309,600. In comparison, townhomes featured 30 sales, 80 active listings and a $578,200 average sale price. It’s a balanced market for houses and condos in North Okanagan.

South Okanagan

There were 72 sales, 335 active listings, and $698,100 average sale price for detached homes in the South Okanagan market.
The condo market featured 33 sales and 197 active listings at the end of the month. The average sale price was $422,600. Townhome sales were 18, active listings were 88 and the average sale price was $537,900. 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 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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