Okanagan Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2017.

South Okanagan: Osoyoos, Oliver, and Penticton

In February 2017, there were 71 sales of detached homes and 450 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $498,404 with an average days on market of 95.

The Condo market had 34 sales and 128 active listings at the end of the month.  The average sale price was $227,035 with an average days on market of 97.

Townhome sales were 30, active listings were 77. The average sale price was $328,774, and the average days on market were 67.

MarketHotSheet_February2017_SouthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 190 sales, 557 active listings, and a $638,604 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 62.

The condo market featured 83 sales and 301 active listings at the end of the month. The average sale price was $333,312 with 55 average days on market.

Townhome sales were 66, active listings were 182, average sale price was $421,425, and the average days on market were 62.

MarketHotSheet_February2017_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $453,703 with an average days on market of 73 days for detached homes. At the end of February, there were 59 sales and 291 active listings.

There were 15 sales and 91 active listings for condos. The average sale price was $221,556, and the average days on market were 146.

In comparison, townhome featured 22 sales, 78 active listings and a $284,695 average sale price with 93 average days on market.

MarketHotSheet_February2017_NorthOkanagan

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

Macdonald Realty has offices in Osoyoos and Kelowna. 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.