Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2020.
Central Okanagan: Kelowna and Lake Country
There were 176 sales, 903 active listings, and a $718,009 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 91 sales and 561 active listings at the end of the month. The average sale price was $331,953.
Townhome sales were 74, active listings were 320 and the average sale price was $516,250.
It’s a buyer’s market for Condos in Central Okanagan.
North Okanagan: Vernon and Surrounding Area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $509,463. At the end of the month, there were 67 sales and 398 active listings.
There were 12 sales and 65 active listings for condos. The average sale price was $278,692.
In comparison, townhomes featured 28 sales, 119 active listings and a $356,337 average sale price.
It’s a balanced market in North Okanagan.
North Okanagan: Vernon and Surrounding Area
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 [email protected] 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) omreb.com.
