Okanagan Real Estate Market Statistics – November 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In November 2016, there were 83 sales of detached homes and 463 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $432,449 with an average days on market of 92.

The Condo market had 27 sales and 130 active listings at the end of the month.  The average sale price was $200,595 with an average days on market of 94.

Townhome sales were 20, active listings were 85. The average sale price was $288,275, and the average days on market were 56.


Central Okanagan: Kelowna and Lake Country

There were 161 sales, 589 active listings, and a $610,573 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 54.

The condo market featured 100 sales and 280 active listings at the end of the month. The average sale price was $284,500 with 54 average days on market.

Townhome sales were 75, active listings were 220, average sale price was $400,324, and the average days on market were 75.


North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $435,215 with an average days on market of 69 days for detached homes. At the end of November, there were 73 sales and 319 active listings.

There were 12 sales and 86 active listings for condos. The average sale price was $187,417, and the average days on market were 283.

In comparison, townhome featured 24 sales, 84 active listings and a $286,600 average sale price with 82 average days on market.


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.


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.