Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2023.
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Central Okanagan: Kelowna and Lake Country
There were 111 sales, 1,144 active listings, and $1,025,700 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The condo market featured 76 sales and 534 active listings at the end of the month. The average sale price was $517,300. Townhome sales were 45, active listings were 330 and the average sale price was $739,100. It’s a buyer’s market 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 $755,400. At the end of the month, there were 74 sales and 395 active listings. There were 9 sales and 59 active listings for condos. The average sale price was $345,800. In comparison, townhomes featured 29 sales, 77 active listings and a $564,700 average sale price. It’s a seller’s market for townhomes in North Okanagan.
South Okanagan
There were 54 sales, 497 active listings, and $741,800 average sale price for detached homes in the South Okanagan market.
The condo market featured 26 sales and 201 active listings at the end of the month. The average sale price was $447,300. Townhome sales were 13, active listings were 136 and the average sale price was $508,200. 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/.
