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How's The North Okanagan Market?

The North Okanagan real estate market is exhibiting a general balance when it comes to home sales. Year to date in the North Okanagan - the number of listings taken is 2195, up 0.83% from same time in 2018. The number of total units sold sits at 999 down 4.86% from 1050 a year ago. Over $480 Million dollars of property have traded this year - which is about 1/2% lower than last year at this time.

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North Okanagan Real Estate Report for June 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...

Jul 4 3 minutes read

June Market Report

North Okanagan – Monthly Statistics

Based on transactions reported to OMREB June 1st – 30th 2019.

With 1,626 active listings to choose from at the end of June, buyers had almost 5% more properties to choose from.

Condo/Apartments

Sales

10

New Listings

29

Current Inventory

76

Number of Months

8

Sell/Inv. Ratio

13.16%

Days to Sell

51

Days – Range

13 to 190

Average Price

$181,375

Median Price

$150,625

Price - Range

$122,400  -  $325,000

Hottest Neighbourhood

City of Vernon


Condo/Townhouses

Sales

29

New Listings

42

Current Inventory

164

Number of Months

5.65

Sell/Inv. Ratio

17.68%

Days to Sell

72

Days – Range

6 to 402

Average Price

$367,741

Median Price

$375,000

Price - Range

$194,500 - $734,000

Hottest Neighbourhood 

Okanagan Landing


Lots & Acreages

Sales

11

New Listings

41

Current Inventory

320

Number of Months

29

Sell/Inv. Ratio

3.44%

Days to Sell

87

Days – Range

6 to 362

Average Price

$212,891

Median Price

$265,000

Price - Range

$45,500  -  $375,000

Hottest Neighbourhood 

North BX


Residential Family Homes

Sales

109

New Listings

181

Current Inventory

534

Number of Months

5

Sell/Inv. Ratio

20.41%

Days to Sell

54

Days – Range

3 to 351

Average Price

$501,156

Median Price

$464,900

Price - Range

$203,500 - $1,400,000

Hottest Neighbourhood 

Armstrong/Spall


Ratio of Sales vs Inventory                 18.21%

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.

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