Okanagan Real Estate Market Statistics – July 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In July 2016, there were 140 sales of detached homes and 654 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $438,712 with an average days on market of 97.

The Condo market had 34 sales and 163 active listings at the end of the month.  The average sale price was $286,884 with an average days on market of 90.

Townhome sales were 28, active listings were 108. The average sale price was $299,857, and the average days on market were 101.

MarketHotSheet_July2016_SouthOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $473,941 with an average days on market of 67 days for detached homes. At the end of July, there were 138 sales and 477 active listings.

There were 19 sales and 114 active listings for condos. The average sale price was $174,200, and the average days on market were 149.

In comparison, townhome featured 48 sales, 129 active listings and a $303,796 average sale price with 77 average days on market.

MarketHotSheet_July2016_NorthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 325 sales, 777 active listings, and a $624,773 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 50.

The condo market featured 161 sales and 385 active listings at the end of the month. The average sale price was $290,443 with 49 average days on market.

Townhome sales were 107, active listings were 216, average sale price was $451,498, and the average days on market were 52.

MarketHotSheet_July2016_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.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.