Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2018.
Central Okanagan: Kelowna and Lake Country
There were 138 sales, 680 active listings, and a $678,156 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 59.
The condo market featured 111 sales and 305 active listings at the end of the month. The average sale price was $355,047 with 54 average days on market.
Townhome sales were 59, active listings were 178, average sale price was $460,814, 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 $489,217 with an average days on market of 92 days for detached homes. At the end of the month, there were 60 sales and 238 active listings.
There were 15 sales and 62 active listings for condos. The average sale price was $216,887, and the average days on market were 63.
In comparison, townhome featured 17 sales, 73 active listings and a $291,960 average sale price with 33 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.