Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2022.
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Central Okanagan: Kelowna and Lake Country
There were 243 sales, 842 active listings, and $1,130,400 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 164 sales and 303 active listings at the end of the month. The average sale price was $551,800. Townhome sales were 91, active listings were 213 and the average sale price was $829,800. It’s a seller’s market in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $807,600. At the end of the month, there were 107 sales and 265 active listings. There were 19 sales and 31 active listings for condos. The average sale price was $342,600. In comparison, townhomes featured 28 sales, 53 active listings and a $633,600 average sale price. It’s a seller’s market in North Okanagan.
There were 98 sales, 316 active listings, and $826,200 average sale price for detached homes in the South Okanagan market.
The condo market featured 39 sales and 108 active listings at the end of the month. The average sale price was $433,800. Townhome sales were 22, active listings were 77 and the average sale price was $606,200. It’s a seller’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 firstname.lastname@example.org 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/.