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Okanagan Real Estate Market July 2020


730 total Residential sales in July yes 730 that is not a typo, huge increase from both June 2020 of 508 and July 2019 if 525.

  • 3,027 total listings down 10% from July 2019 (3,380).

  • July Average Days on Market was 76

  • 1087 New Listings up from 923 last July but down from June of 1107




Single Family Residential Homes

  • 365 Sales in July (up from 224 July 2019, up from 274 sales in June)

  • Current inventory at 1289 ( Down from last July's inventory of 1589 and down from 1303 in June.)

  • Median sale price $749,000 a huge jump from $689,500 in June as more higher end homes sold.

Townhome Sales

  • 123 Sales in July which is up from 77 sales in June and up from 89 last July.

  • Current inventory at 383 similar to July 2019 of 384 but down from June inventory of 407 in June.

  • Median sale price $465,000 up from Junes of $460,500

Apartment

  • 150sales in July up slightly from 134 last July and up from June of 97

  • The current inventory is up at 707 up slightly from June of 702 and 2019 of 639

  • Median sale price $330,000

Mobile Home

  • 36 sales in July compared to sales of 19 in June

  • Current inventory at 97 up from 92 in June.

  • Median sale price $196,500 up from June of $165,000


Let me know if there is anything I can do for you. Stay Safe!

-Mark


 

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