Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2023.
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Central Okanagan: Kelowna and Lake Country
There were 249 sales, 966 active listings, and $1,048,900 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 143 sales and 484 active listings at the end of the month. The average sale price was $516,900. Townhome sales were 97, active listings were 263 and the average sale price was $767,100. It’s a seller’s market 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 $777,600. At the end of the month, there were 93 sales and 354 active listings. There were 15 sales and 71 active listings for condos. The average sale price was $344,700. In comparison, townhomes featured 29 sales, 85 active listings and a $577,800 average sale price. It’s a balanced market for condos in North Okanagan.
South Okanagan
There were 88 sales, 404 active listings, and $772,200 average sale price for detached homes in the South Okanagan market.
The condo market featured 36 sales and 205 active listings at the end of the month. The average sale price was $427,700. Townhome sales were 28, active listings were 91 and the average sale price was $558,100. It’s a balanced market for houses and condos 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/.
