Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2018.
Central Okanagan: Kelowna and Lake Country
There were 173 sales, 1,114 active listings, and a $667,490 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 58.
The condo market featured 110 sales and 499 active listings at the end of the month. The average sale price was $348,401 with 62 average days on market.
Townhome sales were 55, active listings were 378, average sale price was $502,549, and the average days on market were 54.
It’s a buyer’s market for homes & townhomes.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $497,801 with an average days on market of 72 days for detached homes. At the end of the month, there were 65 sales and 451 active listings.
There were 24 sales and 58 active listings for condos. The average sale price was $228,497, and the average days on market were 60.
In comparison, townhomes featured 36 sales, 126 active listings and a $354,258 average sale price with 58 average days on market.
It’s a seller’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.