North Okanagan MLS® Market Trends

North Okanagan MLS Single Family Home Sales in 2019

	The average sold price for Single Family Homes in Vernon and the North Okanagan (OMREB – North Okanagan MLS®) increased 4.09% compared to 2018, moving from $502,615 to $523,152 in 2019
	966 homes sold in 2019, up 3.76% from 931 the previous year
	The average days to sell increased 7.64% from  66 in 2018, to  71 days in 2019

North Okanagan MLS Single Family Home Sales in January 2020

	The average price for Single Family Homes in the North Okanagan (OMREB – North Okanagan MLS®) increased 4.04% in January compared to this month last year, moving from $483,059 to $502,565
	40 Single family homes sold in January,  a decrease over the 52 sold in January the previous year
	The average days to sell decreased 3.76% from 101 days in January 2019, to 97 days in January 2020

 

North Okanagan MLS Condo & Townhome Sales in 2019

	The average sold price for  Townhomes in the North Okanagan increased 3.70% compared to 2018, moving from $338,216 to $350,730 in 2019
	345 Townhomes sold in 2019, up 6.81% from the 323 sold in 2018
	The average days to sell increased 18.81% from 60 the previous year, to  71 days in 2019

 

North Okanagan MLS  Townhome Sales in January 2020

	The average price for Townhomes in the North Okanagan increased 13.23% overall, moving from $291,300 in January 2019, to $329,836 in January 2020
	24  Townhomes sold in January 2020, an increase over the 16 sold this month in 2018
	The average days to sell increased 13.06% this month from 78 days in January 2019 to 88 days on the market in January 2020

 

 North Okanagan MLS Acreage Sales in 2019

	The average sold price for Acreages and Homes on Acreages in the North Okanagan decreased 15.16% compared to 2018, moving from $843,442 to $715,594 in 2019
	156 acreages sold in 2019, down 6.59% from 167 the previous year
	The average days to sell dropped 4.17% from 125 in 2018, to 120 days in 2019

North Okanagan MLS Acreage Sales in January 2020

	The average price for homes on acreages in the North Okanagan decreased 10.83% compared to January 2019, moving from $761,500 to $679,000 in January 2020
	5 acreages sold in January 2020,  a decrease of  28.57%  from the 7 sold in January 2019
	The average days to sell decreased 10.69% from 166 days in January 2019, to 148 days in January 2020

This information was updated on February 5, 2020.

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