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.
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.
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.omrebkv.com.