Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2018.
Central Okanagan: Kelowna and Lake Country
There were 91 sales, 773 active listings, and a $668,199 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 74.
The condo market featured 46 sales and 443 active listings at the end of the month. The average sale price was $297,189 with 72 average days on market.
Townhome sales were 31, active listings were 298, average sale price was $478,500 and the average days on market were 73.
It’s a buyer’s market in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $477,904 with an average days on market of 94 days for detached homes. At the end of the month, there were 52 sales and 285 active listings.
There were 12 sales and 56 active listings for condos. The average sale price was $202,875, and the average days on market were 84.
In comparison, townhomes featured 19 sales, 115 active listings and a $345,484 average sale price with 99 average days on market.
It’s a buyer’s market for townhomes.
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.