Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2018.
Central Okanagan: Kelowna and Lake Country
There were 240 sales, 1,069 active listings, and a $723,247 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 46.
The condo market featured 148 sales and 509 active listings at the end of the month. The average sale price was $341,761 with 43 average days on market.
Townhome sales were 73, active listings were 314, average sale price was $511,364, and the average days on market were 41.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area, the average sale price was $521,558 with an average days on market of 65 days for detached homes. At the end of the month, there were 115 sales and 385 active listings.
There were 13 sales and 73 active listings for condos. The average sale price was $199,481, and the average days on market were 83.
In comparison, townhome featured 45 sales, 123 active listings and a $344,404 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.omreb.com.