Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2019.
Central Okanagan: Kelowna and Lake Country
There were 240 sales, 1,259 active listings, and a $689,469 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 122 sales and 674 active listings at the end of the month. The average sale price was $357,184.
Townhome sales were 96, active listings were 447 and the average sale price was $489,555.
It’s a balanced market in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $515,543. At the end of the month, there were 104 sales and 514 active listings.
There were 12 sales and 66 active listings for condos. The average sale price was $269,583.
In comparison, townhomes featured 38 sales, 161 active listings and a $352,189 average sale price.
It’s a balanced market in North Okanagan.
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.