Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2017.
Central Okanagan: Kelowna and Lake Country
There were 220 sales, 866 active listings, and a $672,434 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 54.
The condo market featured 117 sales and 330 active listings at the end of the month. The average sale price was $318,812 with 65 average days on market.
Townhome sales were 75, active listings were 196, average sale price was $454,451, and the average days on market were 58.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $482,400 with an average days on market of 69 days for detached homes. At the end of the month, there were 106 sales and 296 active listings.
There were 18 sales and 71 active listings for condos. The average sale price was $219,932, and the average days on market were 127.
In comparison, townhome featured 25 sales, 70 active listings and a $303,480 average sale price with 62 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.