Okanagan Real Estate Market Statistics – February 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In February 2016, there were 68 sales of detached homes and 620 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $414,961 with an average days on market of 98.
The Condo market had 19 sales and 221 active listings at the end of the month. The average sale price was $216,000 with an average days on market of 81.
Townhome sales were 17, active listings were 91. The average sale price was $277,775, and the average days on market were 87.

MarketHotSheet_Feb2016_SouthOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was$391,584 with an average days on market of 110 days for detached homes. At the end of February, there were 70 sales and 438 active listings.

There were 14 sales and 119 active listings for condos. The average sale price was $163,825, and the average days on market were 115.

In comparison, townhome featured 19 sales, 129 active listings and a $302,053 average sale price with 93 average days on market.

MarketHotSheet_Feb2016_NorthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 194 sales797 active listings, and a $552,761 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 66.

The condo market featured 87 sales and 418 active listings at the end of the month. The average sale price was $309,694 with 67 average days on market.

Townhome sales were 81active listings were 268, average sale price was $366,154, and the average days on market were 85.

MarketHotSheet_Feb2016_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.comor 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.organd Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.