I hope you're having a great start to August! With summer in full swing, I’ve got the latest Central Okanagan real estate stats to help you stay informed—straight from the Association of Interior REALTORS®.
📊 Market Overview – July 2025
The market continues to hold steady with rising sales and slightly higher inventory. Detached homes and townhouses remain strong, while condo activity is leveling off—offering good opportunities for buyers.
Total Listings: 8,657 (📈 +3.22% vs. July 2024)
Total Sales: 2,807 (📈 +7.92%)
List-to-Sales Ratio: 32.42%
Average Days on Market: 69 days (📈 up from 60)
🏡 Detached Homes – Resilient Sales, Healthy Prices
Sales: 1,209 (📈 +15.25%)
Average Price: $1,091,141 (📈 +5.19%)
Median Price: $975,000
Avg. Days to Sell: 57
📌 Sales remain strong in the detached segment. Buyers are active, and prices have remained fairly even despite the average price being up 5% this is due to higher priced listing selling.
🏢 Condos – Buyer-Friendly Conditions
Sales: 638 (📉 -2.00%)
Average Price: $489,086 (📈 +1.15%)
Median Price: $437,000 (📉 -2.89%)
Avg. Days to Sell: 65
📌 Although sales volume has dipped slightly, average prices are holding. Increased condo listings give buyers more choice, and there’s less pressure on pricing—ideal for first-time buyers and investors.
🏘 Townhouses – Balanced and Steady
Sales: 411 (📈 +2.24%)
Average Price: $715,425 (📈 +1.53%)
Median Price: $685,000
Avg. Days to Sell: 58
📌 Townhouses continue to be a reliable and in-demand choice. Modest price gains and stable demand make this segment a safe bet for families and downsizers.
💬 What This Means for You
Sellers: Detached homes and townhouses remain strong. If you’re thinking of listing, there’s solid buyer activity heading into late summer.
Buyers: With more inventory and balanced prices—especially in the condo market—this could be a smart time to make a move before fall.
🤝 Let’s Talk Strategy
Whether you're planning to buy, sell, or invest, I’m here to provide honest guidance and local market knowledge to help you make the best move.
📲 Reply to this email or call me anytime—let’s talk about your goals.
