Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2019.
Central Okanagan: Kelowna and Lake Country
There were 80 sales, 807 active listings, and a $688,886 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 60 sales and 478 active listings at the end of the month. The average sale price was $336,258.
Townhome sales were 33, active listings were 335 and the average sale price was $489,037.
It’s a buyer’s market in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $483,059. At the end of the month, there were 52 sales and 284 active listings.
There were 8 sales and 65 active listings for condos. The average sale price was $238,250.
In comparison, townhomes featured 16 sales, 127 active listings and a $291,300 average sale price.
It’s a buyer’s market for condos and 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.