Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2019.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $559,481. At the end of the month, there were 78 sales and 426 active listings.
There were 16 sales and 71 active listings for condos. The average sale price was $268,641.
In comparison, townhomes featured 30 sales, 116 active listings and a $388,839 average sale price.
It’s a seller’s market for townhomes in North Okanagan.
Central Okanagan: Kelowna and Lake Country
There were 165 sales, 1,053 active listings, and a $681,861 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 104 sales and 527 active listings at the end of the month. The average sale price was $318,155.
Townhome sales were 53, active listings were 330 and the average sale price was $500,407.
It’s a buyer’s market for homes and townhomes in Central Okanagan.
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.