Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2022.
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Central Okanagan: Kelowna and Lake Country
There were 126 sales, 1,009 active listings, and $997,000 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 94 sales and 460 active listings at the end of the month. The average sale price was $490,600. Townhome sales were 45, active listings were 319 and the average sale price was $767,500. It’s a buyer’s market for houses and townhomes 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 $721,500. At the end of the month, there were 59 sales and 302 active listings. There were 12 sales and 53 active listings for condos. The average sale price was $306,600. In comparison, townhomes featured 15 sales, 78 active listings and a $558,800 average sale price. It’s a balanced market in North Okanagan.
There were 67 sales, 369 active listings, and $746,500 average sale price for detached homes in the South Okanagan market.
The condo market featured 28 sales and 121 active listings at the end of the month. The average sale price was $439,100. Townhome sales were 10, active listings were 96 and the average sale price was $546,600. 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 email@example.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/.