Okanagan Real Estate Market Statistics – June 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In June 2016, there were 156 sales of detached homes and 683 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $471,612 with an average days on market of 79.

The Condo market had 50 sales and 171 active listings at the end of the month.  The average sale price was $255,944 with an average days on market of 74.

Townhome sales were 37, active listings were 97. The average sale price was $290,330, and the average days on market were 79.

MarketHotSheet_June2016_SouthOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $431,270 with an average days on market of 69 days for detached homes. At the end of June, there were 187 sales and 482 active listings.

There were 15 sales and 109 active listings for condos. The average sale price was $196,627, and the average days on market were 141.

In comparison, townhome featured 41 sales, 145 active listings and a $328,876 average sale price with 115 average days on market.

MarketHotSheet_June2016_NorthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 403 sales, 817 active listings, and a $617,517 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 49.

The condo market featured 189 sales and 401 active listings at the end of the month. The average sale price was $301,329 with 52 average days on market.

Townhome sales were 131, active listings were 226, average sale price was $411,396, and the average days on market were 48.

MarketHotSheet_June2016_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.