Okanagan Real Estate Market Statistics – April 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In April 2016, there were 133 sales of detached homes and 666 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $456,129 with an average days on market of 107.

The Condo market had 24 sales and 224 active listings at the end of the month.  The average sale price was $212,250 with an average days on market of 105.

Townhome sales were 30, active listings were 115. The average sale price was $252,505, and the average days on market were 54.

MarketHotSheet_April2016_SouthOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $432,981 with an average days on market of 84 days for detached homes. At the end of April, there were 142 sales and 504 active listings.

There were 11 sales and 123 active listings for condos. The average sale price was $187,195, and the average days on market were 101.

In comparison, townhome featured 35 sales, 141 active listings and a $306,321 average sale price with 60 average days on market.

MarketHotSheet_April2016_NorthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 383 sales, 878 active listings, and a $563,775 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 50.

The condo market featured 162 sales and 424 active listings at the end of the month. The average sale price was $279,372 with 51 average days on market.

Townhome sales were 105, active listings were 272, average sale price was $391,572, and the average days on market were 66.

MarketHotSheet_April2016_CentralOkanagan2

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and Osoyoos.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by the South Okanagan Real Estate Board (SOREB) www.soreb.org and Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.