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North Okanagan Real Estate April 2019

With over 20% of listings selling in the month of April - things are truly moving in the North Okanagan. Armstrong / Spall real estate was the hottest commodity - and the inventory there continues to shrink week over week - with right priced properties in selling as the signs are going up  or even before! Our market by sector report is below.


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North Okanagan Real Estate Report for April 2019

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

May 3 3 minutes read


Based on information reported by REALTORS® to OMREB April 1st – 30th, 2019

Condo/Apartments

Sales

16

New Listings

18

Current Inventory

62

Number of Months

4

Sell/Inv. Ratio

25.81%

Days to Sell

61

Days – Range

8 to 221

Average Price

$239,144

Median Price

$221,450

Price - Range

$136,000  -  $376,000

Hottest Neighbourhood

City of Vernon


Condo/Townhouses

Sales

37

New Listings

70

Current Inventory

161

Number of Months

4

Sell/Inv. Ratio

22.98%

Days to Sell

66

Days – Range

5 to 193

Average Price

$344,237

Median Price

$348,000

Price - Range

$153,900 - $555,000

Hottest Neighbourhood 

Okanagan Landing

Lots & Acreages

Sales

8

New Listings

40

Current Inventory

276

Number of Months

35

Sell/Inv. Ratio

2.90%

Days to Sell

233

Days – Range

99 to 360

Average Price

$231,563

Median Price

$216,563

Price - Range

$155,000  -  $385,000

Hottest Neighbourhood 

Armstrong/Spall


Single Family Homes

Sales

102

New Listings

190

Current Inventory

447

Number of Months

4

Sell/Inv. Ratio

22.82%

Days to Sell

57

Days – Range

2 to 355

Average Price

$533,300

Median Price

$503,500

Price - Range

$187,000- $4,400,000

Hottest Neighbourhood 

Armstrong/Spall


Ratio of Sales vs Inventory                 21.25%

PLEASE NOTE: Average prices indicate market trending only. They do not reflect actual prices which vary from house to house and area to area. The Median sale price is the midpoint of sales during the month. The Average and Median Sold Prices are for Single Family Homes and do not include Residential Waterfront Properties.

Got Questions? 

Real estate is all about the details. We want to know your story - and then we can interpret the market as it relates specifically to YOU.

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