First Quarter 2018 is history -and here is a comparative recap based on Single Family Home Sales in VERNON, BC.

We have filtered out Duplex, triplex and fourplex units as well as homes on acreage. This information is based on data that type of dwelling is one of :

  • Single Family w/ Carriage House, 
  • Single Family - Bare Land Strata, 
  • Single Family

and 

MLS is 'OMREB', Major Area is 'North Okanagan', City is 'Vernon'

 Number of Home Sales Each Month

Month
Sales 2011
Sales 2012
Sales 2013
Sales 2014
Sales  2015
Sales 2016
Sales 2017
Sales 2018
Jan

24

25

12

31

21

34

15

27

Feb

29

31

26

22

28

39

39

38

Mar

38

47

27

60

47

69

61

46


Number of Active Vernon Home Listings Each Month

Month
  2011
 2012
  2013
 2014
 2015
2016
 2017
 2018
Jan

366

364

329

295

247

248

180

145

Feb

409

397

344

328

284

260

183

154

Mar

463

417

384

339

344

294

206

191

Median or Middle of the Market Price Trend 

In 2011, the middle of the market sat at about $320,000 for a home in Vernon. Fast forward to 2018 and add $164,617. as we see the middle of the market

Month

2015

2016

2017

2018

Jan

$315,000

$351,500

$393,500

$515,000


Feb

$349,334

$383,500

$399,000

$452,500


Mar

$340,000

$392,500

$464,900

$486,350

Analytically - we can see that prices started to truly rise in 2015 for homes in Vernon, BC.


This pressure adds to buyer stress, in a market where inventory is low, and the competition fierce.