Okanagan Real Estate Market Statistics – June 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in June 2017.

Central Okanagan: Kelowna and Lake Country

There were 283 sales, 898 active listings, and a $716,474 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 43.

The condo market featured 154 sales and 417 active listings at the end of the month. The average sale price was $320,591 with 43 average days on market.

Townhome sales were 98, active listings were 261, average sale price was $463,0641, and the average days on market were 43.

MarketHotSheet_June2017_CentralOkanagan

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Okanagan Real Estate Market Statistics – May 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2017.

Central Okanagan: Kelowna and Lake Country

There were 327 sales, 527 active listings, and a $703,809 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 46.

The condo market featured 205 sales and 353 active listings at the end of the month. The average sale price was $348,286 with 44 average days on market.

Townhome sales were 124, active listings were 237, average sale price was $488,802, and the average days on market were 36.

MarketHotSheet_May2017_CentralOkanagan

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Okanagan Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2017.

Central Okanagan: Kelowna and Lake Country

There were 255 sales, 719 active listings, and a $667,105 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 42.

The condo market featured 162 sales and 347 active listings at the end of the month. The average sale price was $336,139 with 45 average days on market.

Townhome sales were 82, active listings were 223, average sale price was $453,658, and the average days on market were 43.

MarketHotSheet_April2017_CentralOkanagan

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Okanagan Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2017.

Central Okanagan: Kelowna and Lake Country

There were 244 sales, 659 active listings, and a $640,513 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 45.

The condo market featured 165 sales and 340 active listings at the end of the month. The average sale price was $349,506 with 44 average days on market.

Townhome sales were 103, active listings were 201, average sale price was $453,619, and the average days on market were 53.

MarketHotSheet_March2017_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $459,861 with an average days on market of 74 days for detached homes. At the end of March, there were 107 sales and 327 active listings.

There were 20 sales and 108 active listings for condos. The average sale price was $204,030, and the average days on market were 162.

In comparison, townhome featured 38 sales, 79 active listings and a $304,127 average sale price with 69 average days on market.

MarketHotSheet_March2017_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.

Okanagan Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2017.

South Okanagan: Osoyoos, Oliver, and Penticton

In February 2017, there were 71 sales of detached homes and 450 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $498,404 with an average days on market of 95.

The Condo market had 34 sales and 128 active listings at the end of the month.  The average sale price was $227,035 with an average days on market of 97.

Townhome sales were 30, active listings were 77. The average sale price was $328,774, and the average days on market were 67.

MarketHotSheet_February2017_SouthOkanagan

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Okanagan Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2017.

South Okanagan: Osoyoos, Oliver, and Penticton

In January 2017, there were 41 sales of detached homes and 426 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $493,227 with an average days on market of 100.

The Condo market had 24 sales and 122 active listings at the end of the month.  The average sale price was $246,708 with an average days on market of 68.

Townhome sales were 18, active listings were 84. The average sale price was $335,430, and the average days on market were 87.

MarketHotSheet_January2017_SouthOkanagan

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Okanagan Real Estate Market Statistics – December 2016

 

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

South Okanagan: Osoyoos, Oliver, and Penticton

In December 2016, there were 55 sales of detached homes and 389 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $440,761 with an average days on market of 103.

The Condo market had 20 sales and 1130 active listings at the end of the month.  The average sale price was $239,777 with an average days on market of 70.

Townhome sales were 17, active listings were 80. The average sale price was $258,990, and the average days on market were 97.

South Okanagan real estate market stats

 

Central Okanagan: Kelowna and Lake Country

There were 131 sales, 496 active listings, and a $618,631 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 57.

The condo market featured 78 sales and 231 active listings at the end of the month. The average sale price was $272,330 with 54 average days on market.

Townhome sales were 61, active listings were 164, average sale price was $437,463, and the average days on market were 53.

Central Okanagan real estate market

 

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $429,597 with an average days on market of 77 days for detached homes. At the end of December, there were 77 sales and 262 active listings.

There were 10 sales and 76 active listings for condos. The average sale price was $147,475, and the average days on market were 56.

In comparison, townhome featured 16 sales, 73 active listings and a $303,559 average sale price with 59 average days on market.

North Okanagan real estate market stats

 

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.

—–

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.

 

 

Okanagan Real Estate Market Statistics – November 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In November 2016, there were 83 sales of detached homes and 463 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $432,449 with an average days on market of 92.

The Condo market had 27 sales and 130 active listings at the end of the month.  The average sale price was $200,595 with an average days on market of 94.

Townhome sales were 20, active listings were 85. The average sale price was $288,275, and the average days on market were 56.

MarketHotSheet_November2016_SouthOkanagan

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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

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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

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Are Prices Down, or Not? Average Price vs. Benchmark Price

Why are some articles saying prices are going down, and others saying that for the same product category, they’re not? How is that even possible? Whenever you read real estate reports, it is important to understand how the data used is interpreted by the author. With the high price points of Vancouver’s heated real estate market, conversations about predicting where property values will go next seems to have become a daily conversation wherever we go. In this video, I discuss the difference between the two common ways of measuring price points: Average Price vs. (HPI) Benchmark Price.

 Are prices down, or not? Two ways to measure prices.

When looking at activity for a given period of time, the Average Price per unit is exactly that – an average of all of the sales for that period within a certain market segment.

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Okanagan Real Estate Market Statistics – August 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In August 2016, there were 124 sales of detached homes and 646 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $457,550 with an average days on market of 94.

The Condo market had 38 sales and 161 active listings at the end of the month.  The average sale price was $197,717 with an average days on market of 108.

Townhome sales were 37, active listings were 113. The average sale price was $291,574, and the average days on market were 62.

MarketHotSheet_August2016_SouthOkanagan

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Okanagan Real Estate Market Statistics – July 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In July 2016, there were 140 sales of detached homes and 654 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $438,712 with an average days on market of 97.

The Condo market had 34 sales and 163 active listings at the end of the month.  The average sale price was $286,884 with an average days on market of 90.

Townhome sales were 28, active listings were 108. The average sale price was $299,857, and the average days on market were 101.

MarketHotSheet_July2016_SouthOkanagan

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Okanagan Real Estate Market Statistics – June 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In June 2016, there were 156 sales of detached homes and 683 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $471,612 with an average days on market of 79.

The Condo market had 50 sales and 171 active listings at the end of the month.  The average sale price was $255,944 with an average days on market of 74.

Townhome sales were 37, active listings were 97. The average sale price was $290,330, and the average days on market were 79.

MarketHotSheet_June2016_SouthOkanagan

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Okanagan Real Estate Market Statistics – May 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In May 2016, there were 192 sales of detached homes and 684 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $469,692 with an average days on market of 77.

The Condo market had 41 sales and 179 active listings at the end of the month.  The average sale price was $242,459 with an average days on market of 112.

Townhome sales were 46, active listings were 101. The average sale price was $252,502, and the average days on market were 77.

MarketHotSheet_May2016_SouthOkanagan

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Okanagan Real Estate Market Statistics – April 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In April 2016, there were 133 sales of detached homes and 666 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $456,129 with an average days on market of 107.

The Condo market had 24 sales and 224 active listings at the end of the month.  The average sale price was $212,250 with an average days on market of 105.

Townhome sales were 30, active listings were 115. The average sale price was $252,505, and the average days on market were 54.

MarketHotSheet_April2016_SouthOkanagan

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Okanagan Real Estate Market Statistics – March 2016

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

South Okanagan: Osoyoos, Oliver, and Penticton

In March 2016, there were 107 sales of detached homes and 637 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $394,113 with an average days on market of 89.

The Condo market had 38 sales and 214 active listings at the end of the month.  The average sale price was $223,574 with an average days on market of 86.

Townhome sales were 25, active listings were 99. The average sale price was $276,880, and the average days on market were 85.

MarketHotSheet_March2016_SouthOkanagan

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