Posted on
November 3, 2025
by
Mark Nichiporuk
Best Month Since April 2022?
Items of Note for September
- Sales continue to improve against the 10 Year Average. It looked like North Okanagan sales were finally going to end up above the 10 Year Average (it would have been the first time since April 2022). In the end, we finished 7 sales shy (156 vs 162) and came in 3.7% below the 10 Year Average. This is still our best monthly result vs the 10 Year Average since April 2022 so one could argue that this is the best monthly sales result since April 2022.
Rounding out the top 3 results are: June 2023 4.1% below and May 2022 6.1% below. August sales were 11% below the 10 Year Average.
- North Okanagan Year-over-Year sales up 51%.
- Central Okanagan sales up 40% Year-over-Year but still 15% below the 10 Year Average
- British Columbia residential home sales up 4.4% Year-over-Year (the 4th month in a row with positive Year-over-Year sales growth) but is still 21.4% below the 10 Year Average.
- Bank of Canada next interest rate announcement Wed Oct 29.
Sales
North Okanagan Unit Sales were up 51% Year-over-Year (156 vs 103) which is just 3.7% below the 10 Year Average of 162.
Median Sales Price
- Median Selling Price was $632,000, which was down almost 7% Year-over-Year ($677,000), and down slightly from Aug ($637,000).
Average Sales Price
- Average Selling Price was $690,329 which is down 11% Year-over-Year ($773,552), and down from Aug ($734,875).
To see full report click here
Posted on
November 3, 2025
by
Mark Nichiporuk
Continues to Show Signs of Improvement
Items of Note for August
- North Okanagan Year-over-Year sales up 21%.
- Sales continue to improve against the 10 Year Average. August sales were 11% below the 10 Year Average while July sales were 14% below the 10 Year Avg, June sales were 17% below, May sales were 21% below, April was 23% and March sales were 28% below the 10 Year Avg. If you recall sales had climbed within 7% of the 10 Year Avg in Feb before the market slowed down with the threat/introduction of US tariffs etc. The last time sales came in above the 10 Year Average was April 2022.
- The North Okanagan continues to be in a Balanced market
- Central Okanagan sales up 14% Year-over-Year but loses lots of ground vs the 10 Year Average
- British Columbia residential home sales for month of August up 0.5% Year-over-Year - the 3rd month in a row with positive Year-over-Year sales growth
- Bank of Canada lowered its key interest rate by 25 basis points to 2.5 per cent, marking its first cut since March
Sales
North Okanagan Unit Sales were up 21% Year-over-Year (167 vs 138) which is just 11% below the 10 Year Average of 188.
August's 167 home sales surpasses 2022 (141), 2023 (146) and 2024 (138).
Median Sales Price
- Median Selling Price was $637,000, which was down 1% Year-over-Year ($644,500), but up slightly from July ($635,000).
Average Sales Price
- Average Selling Price was $734,875 which is down 2% Year-over-Year ($748,629), but up from July ($703,172).
For full report click here
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