Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2017.
Central Okanagan: Kelowna and Lake Country
There were 156 sales, 602 active listings, and a $696,650 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 56.
The condo market featured 72 sales and 274 active listings at the end of the month. The average sale price was $324,949 with 51 average days on market.
Townhome sales were 48, active listings were 147, average sale price was $479,427, and the average days on market were 62.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $496,691 with an average days on market of 65 days for detached homes. At the end of the month, there were 57 sales and 213 active listings.
There were 8 sales and 55 active listings for condos. The average sale price was $177,113, and the average days on market were 103.
In comparison, townhome featured 21 sales, 63 active listings and a $341,076 average sale price with 59 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.omreb.com.