Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in November 2018.
Central Okanagan: Kelowna and Lake Country
There were 137 sales, 950 active listings, and a $650,785 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 63.
The condo market featured 71 sales and 489 active listings at the end of the month. The average sale price was $329,313 with 56 average days on market.
Townhome sales were 42, active listings were 353, average sale price was $513,330 and the average days on market were 64.
It’s a buyer’s market in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $487,022 with an average days on market of 82 days for detached homes. At the end of the month, there were 68 sales and 387 active listings.
There were 15 sales and 56 active listings for condos. The average sale price was $208,193, and the average days on market were 95.
In comparison, townhomes featured 19 sales, 130 active listings and a $342,579 average sale price with 83 average days on market.
It’s a seller’s market for condos.
Looking for more information about the real estate market in specific neighbourhoods in Okanagan?
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.