Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2017.
Central Okanagan: Kelowna and Lake Country
There were 282 sales, 898 active listings, and a $692,838 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 41.
The condo market featured 169 sales and 424 active listings at the end of the month. The average sale price was $326,770 with 38 average days on market.
Townhome sales were 100, active listings were 263, average sale price was $464,463, and the average days on market were 41.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $514,031 with an average days on market of 49 days for detached homes. At the end of the month, there were 142 sales and 387 active listings.
There were 19 sales and 93 active listings for condos. The average sale price was $210,609, and the average days on market were 67.
In comparison, townhome featured 41 sales, 89 active listings and a $316,774 average sale price with 46 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.