North Okanagan MLS® Market Trends

North Okanagan MLS Single Family Home Sales in 2022

	The average sold price for Single Family Homes in Vernon and the North Okanagan (OMREB – North Okanagan MLS®) increased 16.86% compared to 2021, moving from $686,476  to $802,214 in 2022
	923 homes sold in 2022, down 28.39% from 1289 the previous year
	The average days to sell decreased 0.88% from 38 in 2021, to  37 days in 2022

North Okanagan MLS Single Family Home Sales in February 2023

	The average price for Single Family Homes in the North Okanagan (OMREB – North Okanagan MLS®) decreased 13.87% in February compared to this month last year, moving from $851,469 to $733,394
	49 Single family homes sold in February, a decrease of the 71 sold in February the previous year
	The average days to sell increased 184.27% from 28 days in February 2022, to 79 days in February 2023

 

North Okanagan MLS Condo & Townhome Sales in 2022

	The average sold price for  Townhomes in the North Okanagan increased 15.25% compared to 2021, moving from $442,062 to $509,489 in 2022
	310 Townhomes sold in 2022, down 28.90% from the 436 sold in 2021
	The average days to sell decreased 19.35% from 41 the previous year, to  33 days in 2022

 

North Okanagan MLS  Townhome Sales in February 2023

	The average price for Townhomes in the North Okanagan decreased 9.92% overall, moving from $467,767 in February 2022, to $421,362 in February 2023
	17 Townhomes sold in February 2023, a decrease over the 30 sold this month in 2022
	The average days to sell increased 22.57% this month from 31 days in February 2022  to 38 days on the market in February 2023

 

 North Okanagan MLS Acreage Sales in 2022

	The average sold price for Acreages and Homes on Acreages in the North Okanagan increased 15.62% compared to 2021, moving from $1,069,573 to $1,236,652 in 2022
	171 acreages sold in 2022, down 32.14% from the 252 that sold the previous year
	The average days to sell dropped 1.19% from 69 in 2020, to 68 days in 2022

North Okanagan MLS Acreage Sales in February 2023

	The average price for homes on acreages in the North Okanagan decreased 13.31% compared to February 2022, moving from $1,412,107 to $1,224,167 in February 2023
	6 acreages sold in February 2023,  an decrease over the 13 that sold in this month last year
	The average days to sell increased 87.26% from 62 days in February 2022 to 116 days in February 2023

This information was updated on March 6, 2023.

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