Okanagan Real Estate Market Statistics – March 2019

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2019.

Central Okanagan: Kelowna and Lake Country

There were 136 sales, 1,015 active listings, and a $722,463 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 96 sales and 546 active listings at the end of the month. The average sale price was $371,338.

Townhome sales were 72, active listings were 391 and the average sale price was $494,884.

It’s a buyer’s market for homes.

MarketHotSheet_March_2019_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $546,022. At the end of the month, there were 65 sales and 387 active listings.

There were 17 sales and 70 active listings for condos. The average sale price was $196,632.

In comparison, townhomes featured 33 sales, 140 active listings and a $385,192 average sale price.

It’s a balanced market in North Okanagan.

MarketHotSheet_March_2019_NorthOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.staging.irewebsites.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.