North Okanagan MLS® Market Trends

North Okanagan MLS Single Family Home Sales in 2018

	The average sold price for Single Family Homes in Vernon and the North Okanagan (OMREB – North Okanagan MLS®) increased 7.32% compared to 2017, moving from $471,400 to $505,925 in 2018
	932 homes sold in 2018, down 23.61% from 1220 the previous year
	The average days to sell increased 10.53% from  60 in 2017, to  66 days in 2018

North Okanagan MLS Single Family Home Sales in October 2019

	The average price for Single Family Homes in the North Okanagan (OMREB – North Okanagan MLS®) increased 12.39% in October 2019 compared to this month last year, moving from $497,801 to $559,481
	78 Single family homes sold in October 2019, up 20% from 65 homes sold in October the previous year
	The average days to sell increased 16.62% from 72 days in October 2018, to 84 days in October 2019

 

North Okanagan MLS Condo & Townhome Sales in 2018

	The average sold price for  Townhomes in the North Okanagan increased 7.45% compared to 2017, moving from $314,763 to $338,216 in 2018
	323 Townhomes sold in 2018, down 4.44% from the 338 sold in 2017
	The average days to sell dropped 4.72% from 63 the previous year, to  60 days in 2018

 

North Okanagan MLS  Townhome Sales in October 2019

	The average price for Townhomes in the North Okanagan increased 9.76% overall, moving from $354,258 in October 2018, to $388,839 in October 2019
	30 Townhomes sold in October 2019, an decrease over the 36 sold this month in 2018
	The average days to sell increased 44.61% this month from 58 days in October 2018 to 84 days on the market in October 2019

 

 North Okanagan MLS Acreage Sales in 2018

	The average sold price for Acreages and Homes on Acreages in the North Okanagan increased 7.19% compared to 2017, moving from $786,897 to $843,442 in 2018
	167 acreages sold in 2018, down 9.73% from 229 the previous year
	The average days to sell dropped 2.20% from 185 in 2017, to 167 days in 2018

North Okanagan MLS Acreage Sales in October 2019

	The average price for homes on acreages in the North Okanagan decreased 14.60% compared to October 2018, moving from $823,348 to $703,173 in October 2019
	15 acreages sold in October 2019,  a decrease of  34.78%  from the 23 sold in October 2018
	The average days to sell decreased 4.49% from 146 days in October 2018, to 139 days in October 2019

This information was updated on November 6, 2019.

Please contact Shawna at 250-558-7333 for more information about property sales and prices in your specific neighbourhood.