Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2017.
Central Okanagan: Kelowna and Lake Country
There were 230 sales, 958 active listings, and a $678,608 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 161 sales and 387 active listings at the end of the month. The average sale price was $342,670 with 40 average days on market.
Townhome sales were 96, active listings were 250, average sale price was $448,066, and the average days on market were 44.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $466,475 with an average days on market of 52 days for detached homes. At the end of the month, there were 131 sales and 362 active listings.
There were 23 sales and 84 active listings for condos. The average sale price was $214,655, and the average days on market were 57.
In comparison, townhome featured 34 sales, 94 active listings and a $323,760 average sale price with 92 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.