Okanagan Real Estate Market Statistics – October 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In October 2016, there were 84 sales of detached homes and 538 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $536,283 with an average days on market of 109.

The Condo market had 34 sales and 139 active listings at the end of the month.  The average sale price was $240,829 with an average days on market of 65.

Townhome sales were 26, active listings were 94. The average sale price was $272,162, and the average days on market were 99.

MarketHotSheet_October2016_SouthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 221 sales, 642 active listings, and a $613,148 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 136 sales and 294 active listings at the end of the month. The average sale price was $295,697 with 51 average days on market.

Townhome sales were 76, active listings were 237, average sale price was $392,597, and the average days on market were 52.

MarketHotSheet_October2016_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $425,323 with an average days on market of 74 days for detached homes. At the end of October, there were 129 sales and 355 active listings.

There were 17 sales and 97 active listings for condos. The average sale price was $217,598, and the average days on market were 126.

In comparison, townhome featured 28 sales, 103 active listings and a $311,134 average sale price with 72 average days on market.

MarketHotSheet_October2016_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.