Okanagan Real Estate Market Statistics – September 2018

Central Okanagan: Kelowna and Lake Country

There were 180 sales, 1,241 active listings, and a $720,824 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 94 sales and 536 active listings at the end of the month. The average sale price was $346,102 with 64 average days on market.

Townhome sales were 46, active listings were 385, average sale price was $510,426, and the average days on market were 71.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_September_2018_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $522,585 with an average days on market of 77 days for detached homes. At the end of the month, there were 73 sales and 493 active listings.

There were 17 sales and 78 active listings for condos. The average sale price was $217,869, and the average days on market were 59.

In comparison, townhomes featured 21 sales, 143 active listings and a $352,210 average sale price with 51 average days on market.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_September_2018_NorthOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. 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 Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.