Michael A. Jones - PREC* | Royal LePage Kelowna

September stayed active across the North Okanagan. Sales and volume jumped year over year, while inventory edged higher. Detached homes moved well with flat pricing, townhomes held steady with slight softness, and condos improved in sales with mixed pricing. Buyers stay selective. Sellers win with accurate pricing. Here’s what happened in September.

The North Okanagan includes Vernon, Coldstream, Armstrong, Spallumcheen, Enderby, and Lumby.

Bar chart showing North Okanagan total sales versus new listings for September 2025

Total sales (blue) and new listings (gold) in Vernon & North Okanagan for September 2025.

Overall Market Activity

  • Total Sales: 180 (up 65.1% YoY)
  • Sales Volume: $119.6M (up 44.7% YoY)
  • Active Listings: 1,550 (up 3.1% YoY)
  • New Listings: 329 (up 24.6% YoY)
  • List-to-Sell Ratio: 96.77% (vs. 94.95% last year)
  • Days to Sell (Avg): 84 (vs. 74 last year)

Demand showed up. Supply rose. Pace stayed measured with longer selling times.

Line chart showing MLS® HPI benchmark price trends for single family, townhomes, and condos in Vernon & North Okanagan, 2021–2025

MLS® HPI benchmark prices (September 2025): Single Family $753,500; Townhouse $596,200; Apartment $315,900. (YoY vs. Sept 2024: SF −1.4%, TH −1.4%, Apt −3.1%.)

Property Type Breakdown

Single Family Homes (Excludes Lakefront & Acreage)

  • Sales: 82 (+57.7% YoY)
  • Average Price: $789,641 (−2.0% YoY)
  • HPI Price: $753,500 (−1.4% YoY)
  • Median Price: $732,500 (−0.3% YoY)
  • Days to Sell: 74 (vs. 62 last year)
  • New Listings: 132 (+29.4% YoY)

Insight: Solid throughput. Pricing sits essentially flat. Correct pricing still earns offers.

Bar chart comparing single family sales and new listings in Vernon & North Okanagan, September 2025

Single family sales and new listings in September 2025.

Townhomes

  • Sales: 21 (+40.0% YoY)
  • Average Price: $545,595 (−3.2% YoY)
  • HPI Price: $596,200 (−1.4% YoY)
  • Median Price: $495,000 (−6.6% YoY)
  • Days to Sell: 58 (vs. 57 last year)
  • New Listings: 52 (+40.5% YoY)

Insight: Activity improved. Buyers value-shop. Pricing gives a slight edge to demand.

Condo/Apartments

  • Sales: 18 (+50.0% YoY)
  • Average Price: $330,594 (+6.9% YoY)
  • HPI Price: $315,900 (−3.1% YoY)
  • Median Price: $303,950 (−5.3% YoY)
  • Days to Sell: 71 (vs. 67 last year)
  • New Listings: 22 (flat YoY)

Insight: Sales rose off a low base. Pricing mixed. The right unit and price still move.

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

Market Takeaway

Momentum held. Sales and volume beat last year. Detached stayed firm, townhomes leaned value, and condos lagged on price. Buyers enjoy options and time. Sharp pricing still wins.

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Additional Market Information