North Okanagan MLS® Market Trends

 

 

North Okanagan MLS Single Family Home Sales in 2016 – 2017

	The average sold price for Single Family Homes in Vernon and the North Okanagan (OMREB – North Okanagan MLS®) increased 9.51% compared to 2016, moving from $430,488 to $471,408 in 2017
	1220 homes sold in 2017, down 7.92% from 1325 the previous year
	The average days to sell dropped 24.58% from 79 in 2016, to  60 days in 2017

 

North Okanagan MLS Single Family Home Sales in March 2018

	The average price for Single Family Homes in the North Okanagan (OMREB – North Okanagan MLS®) increased 4.18% in March 2018 compared to this month last year, moving from $459,660 to $478,874
	71 Single family homes sold in March 2018, down 33.65% from 107 homes sold in March  the previous year
	The average days to sell decreased 29.26% from 74 days in March 2017, to 53 days in March 2018

 

North Okanagan MLS Condo & Townhome Sales in 2016 – 2017

	The average sold price for  Townhomes in the North Okanagan increased 5.09% compared to 2016, moving from $299,513 to $314,763 in 2017
	338 Townhomes sold in 2017, down 4.52% from 354 2016
	The average days to sell dropped 23.80% from 83 the previous year, to  63 days in 2017

 

North Okanagan MLS  Townhome Sales in March 2018

	The average price for Townhomes in the North Okanagan increased 1.88% overall, moving from $304,127 in March 2017, to $309,852 in March 2018.
	23 Townhomes sold in March 2018, down 39.47% from the 38 townhomes sold this month in 2017
	The average days to sell decreased 12.44% this month from 69 days in March 2017 to 61 days on the market in March 2018

 

 North Okanagan MLS Acreage Sales in 2016 – 2017

	The average sold price for Acreages and Homes on Acreages in the North Okanagan increased 28.88% compared to 2016, moving from $610,556 to $786,897 in 2017
	185 acreages sold in 2017, down 19.21% from 229 the previous year
	The average days to sell dropped 2.20% from 129 in 2016, to 126 days in 2017

North Okanagan MLS Acreage Sales in March 2018

	The average price for homes on acreages in the North Okanagan decreased 16.90% compared to March 2017, moving from $957,227 to $795,429 in March 2018
	14 acreages sold in March 2018,  an increase of 27.27%  from the 11 sold in March 2017
	The average days to sell decreased 46.69% from 230 days in March 2017, to 123 days in March 2018

This information was updated on April 10, 2018.

Please contact Shawna at 250-503-3461 for more information about property sales and prices in your specific neighbourhood.