Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2018.
Central Okanagan: Kelowna and Lake Country
There were 190 sales, 1,265 active listings, and a $687,413 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 60.
The condo market featured 116 sales and 554 active listings at the end of the month. The average sale price was $354,728 with 60 average days on market.
Townhome sales were 75, active listings were 359, average sale price was $504,574, and the average days on market were 67.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $483,666 with an average days on market of 62 days for detached homes. At the end of the month, there were 93 sales and 500 active listings.
There were 14 sales and 78 active listings for condos. The average sale price was $256,089, and the average days on market were 47.
In comparison, townhome featured 32 sales, 138 active listings and a $355,447 average sale price with 68 average days on market.
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.