Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2018.
Central Okanagan: Kelowna and Lake Country
There were 143 sales, 609 active listings, and a $699,352 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 75.
The condo market featured 110 sales and 284 active listings at the end of the month. The average sale price was $322,183 with 65 average days on market.
Townhome sales were 37, active listings were 157, average sale price was $446,054, and the average days on market were 69.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $591,959 with an average days on market of 84 days for detached homes. At the end of the month, there were 42 sales and 234 active listings.
There were 13 sales and 58 active listings for condos. The average sale price was $227,269, and the average days on market were 95.
In comparison, townhome featured 20 sales, 71 active listings and a $295,315 average sale price with 54 average days on market.
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.