Michael A. Jones – PREC* | Royal LePage Kelowna

North Okanagan Real Estate Market June 2025

The June numbers for the North Okanagan — including Vernon, Coldstream, and Armstrong — show a steady, active market. Sales volumes rose modestly. Single-family demand continues to lead, while townhomes and condos show signs of cooling or adjustment.

The North Okanagan includes Vernon, Coldstream, Armstrong, and surrounding areas.

Overall Market Activity

  • Total Sales: 107 (up 9.2% from May)
  • Sales Volume: $120.3M (up 1.7%)
  • Active Listings: 1,115 (up 1.3%)
  • List-to-Sell Ratio: 97.3% (down slightly from 97.8%)
  • Days to Sell (Avg): 62 (up from 58)

The market stayed active heading into summer, with more sales and higher dollar volume. Days on market increased slightly, but homes are still selling near asking price.

Property Type Breakdown

Single Family Homes (Excludes Acreage)

  • Sales: 107 (up 9.2% YoY)
  • Average Price: $833,429 (up 1.4% YoY)
  • Median Price: $731,000 (down 1.4% YoY)
  • Days to Sell: 57 (down from 68 last year)
  • New Listings: 237 (up 8.2% YoY)

Single-family homes remain the heartbeat of the North Okanagan market. Prices held mostly steady, and days on market improved significantly. More inventory is coming online, helping balance demand.

Townhomes

  • Sales: 24 (down 7.7% YoY)
  • Average Price: $508,729 (down 10.1% YoY)
  • Median Price: $447,250 (down 12.6% YoY)
  • Days to Sell: 81 (up from 58)
  • New Listings: 48 (up 29.7% YoY)

The townhome segment slowed in June. Sales dipped and pricing dropped notably compared to last year. Longer time on market and rising inventory suggest a pricing reset may be underway.

Condo/Apartments

  • Sales: 19 (down 5.0% YoY)
  • Average Price: $295,926 (down 11.6% YoY)
  • Median Price: $267,000 (down 9.5% YoY)
  • Days to Sell: 58 (down from 73)
  • New Listings: 23 (down slightly from 25)

Condos in Vernon softened on all fronts — fewer sales, lower prices, and slightly less new inventory. The good news: days on market improved, suggesting properly priced units are still moving.

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This report is for informational purposes only. Always consult with a licensed professional before making real estate decisions.

Market Takeaway

June 2025 brought a balanced pace to the North Okanagan real estate scene. Detached homes remain active and desirable. Buyers are still in the market, but they’re sensitive to pricing — especially in the townhome and condo segments.

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