Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in November 2022.
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Central Okanagan: Kelowna and Lake Country
There were 120 sales, 862 active listings, and $1,013,800 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 72 sales and 443 active listings at the end of the month. The average sale price was $511,200. Townhome sales were 34, active listings were 293 and the average sale price was $756,900. It’s a buyer’s market 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 $710,200. At the end of the month, there were 53 sales and 255 active listings. There were 16 sales and 49 active listings for condos. The average sale price was $321,100. In comparison, townhomes featured 14 sales, 72 active listings and a $564,500 average sale price. It’s a balanced market for houses and townhomes in North Okanagan.
South Okanagan
There were 58 sales, 319 active listings, and $733,100 average sale price for detached homes in the South Okanagan market.
The condo market featured 21 sales and 174 active listings at the end of the month. The average sale price was $422,800. Townhome sales were 10, active listings were 91 and the average sale price was $545,900. It’s a balanced market for houses 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/.
