Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in September 2017.
Central Okanagan: Kelowna and Lake Country
There were 193 sales, 961 active listings, and a $710,578 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 49.
The condo market featured 127 sales and 354 active listings at the end of the month. The average sale price was $323,493 with 58 average days on market.
Townhome sales were 76, active listings were 242, average sale price was $468,617, and the average days on market were 49.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $460,778 with an average days on market of 56 days for detached homes. At the end of the month, there were 103 sales and 367 active listings.
There were 16 sales and 75 active listings for condos. The average sale price was $198,625, and the average days on market were 146.
In comparison, townhome featured 30 sales, 78 active listings and a $376,067 average sale price with 60 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.