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.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $441,688 with an average days on market of 53 days for detached homes. At the end of April, there were 104 sales and 371 active listings.
There were 26 sales and 99 active listings for condos. The average sale price was $180,769, and the average days on market were 117.
In comparison, townhome featured 19 sales, 101 active listings and a $294,468 average sale price with 85 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.