Okanagan Real Estate Market Statistics – August 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In August 2016, there were 124 sales of detached homes and 646 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $457,550 with an average days on market of 94.

The Condo market had 38 sales and 161 active listings at the end of the month.  The average sale price was $197,717 with an average days on market of 108.

Townhome sales were 37, active listings were 113. The average sale price was $291,574, and the average days on market were 62.

MarketHotSheet_August2016_SouthOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $434,434 with an average days on market of 67 days for detached homes. At the end of August, there were 122 sales and 451 active listings.

There were 18 sales and 105 active listings for condos. The average sale price was $186,334, and the average days on market were 122.

In comparison, townhome featured 34 sales, 128 active listings and a $306,038 average sale price with 58 average days on market.

MarketHotSheet_August2016_NorthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 303 sales, 762 active listings, and a $616,480 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 44.

The condo market featured 178 sales and 376 active listings at the end of the month. The average sale price was $299,241 with 53 average days on market.

Townhome sales were 103, active listings were 222, average sale price was $416,118, and the average days on market were 54.

MarketHotSheet_August2016_CentralOkanagan

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.