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North Okanagan Real Estate Report for August 2019
Based on information reported by REALTORS® to OMREB August 1st – 31st 2019 in communities from Enderby to Predator Ridge.
The chart above shows the last 7 years of overall North Okanagan Real Estate market product absorption. The Red box indicates conditions favouring Buyers, and the Black favouring Sellers with Balanced Market conditions in between.
Condo/Apartments
Sales | 14 |
New Listings | 15 |
Current Inventory | 67 |
Number of Months | 5 |
Sell/Inv. Ratio | 20.90% |
Days to Sell | 91 |
Days – Range | 24 to 260 |
Average Price | $228.025 |
Median Price | $215,250 |
Price - Range | $105,000 - $388,000 |
Hottest Neighbourhood | City of Vernon |
Condo/Townhouses
Sales | 31 |
New Listings | 52 |
Current Inventory | 158 |
Number of Months | 5 |
Sell/Inv. Ratio | 19.62% |
Days to Sell | 83 |
Days – Range | 11 to 268 |
Average Price | $322,758 |
Median Price | $327,000 |
Price - Range | $164,000 - $494,000 |
Hottest Neighbourhood | Harwood |
Lots & Acreages
Sales | 11 |
New Listings | 22 |
Current Inventory | 329 |
Number of Months | 30 |
Sell/Inv. Ratio | 3.34% |
Days to Sell | 110 |
Days – Range | 3 to 318 |
Average Price | $193,964 |
Median Price | $160,000 |
Price - Range | $60,000 - $340,000 |
Hottest Neighbourhood | North BX |
Residential Single Family Homes
Sales | 98 |
New Listings | 146 |
Current Inventory | 528 |
Number of Months | 5 |
Sell/Inv. Ratio | 17.99% |
Days to Sell | 73 |
Days – Range | 7 to 392 |
Average Price | $538,663 |
Median Price | $485,000 |
Price - Range | $222,000 - $1,460,000 |
Hottest Neighbourhood | East Hill |
Ratio of Sales vs Inventory 15.93%
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.