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.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $458,006 with an average days on market of 57 days for detached homes. At the end of May, there were 155 sales and 379 active listings.
There were 23 sales and 104 active listings for condos. The average sale price was $205,064, and the average days on market were 53.
In comparison, townhome featured 41 sales, 101 active listings and a $298,440 average sale price with 49 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.