Okanagan Real Estate Market Statistics – September 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In September 2016, there were 112 sales of detached homes and 599 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $445,209 with an average days on market of 106.

The Condo market had 33 sales and 153 active listings at the end of the month.  The average sale price was $288,115 with an average days on market of 102.

Townhome sales were 31, active listings were 98. The average sale price was $257,303, and the average days on market were 88.

MarketHotSheet_September2016_SouthOkanagan

Central Okanagan: Kelowna and Lake Country

There were 276 sales, 740 active listings, and a $623,092 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 29.

The condo market featured 159 sales and 337 active listings at the end of the month. The average sale price was $283,751 with 48 average days on market.

Townhome sales were 82, active listings were 237, average sale price was $438,831, and the average days on market were 55.

MarketHotSheet_September2016_CentralOkanaga

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $441,289 with an average days on market of 89 days for detached homes. At the end of September, there were 97 sales and 440 active listings.

There were 18 sales and 94 active listings for condos. The average sale price was $179,656, and the average days on market were 94.

In comparison, townhome featured 36 sales, 109 active listings and a $303,829 average sale price with 89 average days on market.

MarketHotSheet_September2016_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.