North Okanagan Items of Note for September:

• Sales still sluggish - despite being up 8% Year-over-Year (105 vs 97) sales are 35% below the 10 Year Average for Sept.
• Prices remain strong - Median Selling Price and Average Selling Price set all time highs for the month of September.  
• The North Okanagan market continues to be in a Balanced Market.

Sales

North Okanagan Unit Sales were up 8% Year-over-Year (105 vs 97) but were 35% below the 10 Year average (162).  If you recall last year the fires in West Kelowna and the Shuswap essentially shut down real estate for the month of September.  So while an 8% Year-over-Year increase in sales is positive, keep in mind that last September I mentioned that if we go back all the way to 2002 the only September with lower sales than 2023 was in 2008 (88).  

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Despite Lower Interest Rates Slow Sales Continue

North Okanagan Items of Note for August:

• Sales hit 10 year low for the month of August and finish the month 26% below the 10 Year Average (138 vs 186)  
• Average Selling Price up 13% Year-over-Year - spurred on by a strong month for homes selling in the $1,000,000+ price range. 
• The North Okanagan market continues to be in a Balanced Market.

Sales

North Okanagan Unit Sales were down 6% Year-over-Year (138 vs 146) and are 26% below the 10 Year average (186).  
It was also the lowest number of sales recorded for the month of Aug over the past 10 years.  

Median Sales Price

• Median Selling Price was $644,500 which is up 9% Year-over-Year ($592,500) and is up from July ($639,000).  

Average Sales Price

• Average Selling Price was $748,629 which is up a substantial 13% Year-over-Year ($664,813) and also up from July ($656,254).  

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