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 February 2020

	The average price for Single Family Homes in the North Okanagan (OMREB – North Okanagan MLS®) increased 4.79% in February compared to this month last year, moving from $495,833 to $519,583
	56 Single family homes sold in February,  an increase over the 54 sold in February the previous year
	The average days to sell decreased 14.45% from 94 days in February 2019, to 80 days in February 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 February 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 decreased 11.28% this month from 76 days in February 2019 to 68 days on the market in February 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 February 2020

	The average price for homes on acreages in the North Okanagan increased 20.70% compared to February 2019, moving from $812,756 to $981,000 in February 2020
	5 acreages sold in February 2020,  a decrease of  44.44%  from the 9 sold in February 2019
	The average days to sell increased 11.90% from 142 days in February 2019, to 159 days in February 2020

This information was updated on March 6, 2020.

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