Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2023.
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Central Okanagan: Kelowna and Lake Country
There were 180 sales, 1,154 active listings, and $1,063,700 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 124 sales and 527 active listings at the end of the month. The average sale price was $514,900. Townhome sales were 70, active listings were 327 and the average sale price was $768,500. It’s a balanced market for townhomes and condos in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average detached home sale price was $778,300. At the end of the month, there were 75 sales and 366 active listings. There were 16 sales and 61 active listings for condos. The average sale price was $342,100. In comparison, townhomes featured 30 sales, 96 active listings and a $598,300 average sale price. It’s a seller’s market for townhomes and condos in North Okanagan.
South Okanagan
There were 77 sales, 511 active listings, and $765,600 average sale price for detached homes in the South Okanagan market.
The condo market featured 32 sales and 198 active listings at the end of the month. The average sale price was $443,200. Townhome sales were 16, active listings were 126 and the average sale price was $549,600. It’s a buyer’s market in South Okanagan.
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 [email protected] 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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.
