Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in November 2017.
Central Okanagan: Kelowna and Lake Country
There were 189 sales, 759 active listings, and a $674,598 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 50.
The condo market featured 112 sales and 313 active listings at the end of the month. The average sale price was $334,106 with 52 average days on market.
Townhome sales were 49, active listings were 183, average sale price was $469,053, 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 $458,805 with an average days on market of 79 days for detached homes. At the end of the month, there were 66 sales and 265 active listings.
There were 21 sales and 67 active listings for condos. The average sale price was $219,504, and the average days on market were 53.
In comparison, townhome featured 16 sales, 74 active listings and a $333,034 average sale price with 35 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.