Michael A. Jones – PREC* | Royal LePage Kelowna

The April market stats are in for the North Okanagan, and they show a region adjusting to shifting demand. Total sales held steady year-over-year, while inventory continued to grow. Buyers remain active, but patient. Sellers who price well are seeing results—especially in key product segments.

The North Okanagan includes Vernon and surrounding communities such as Coldstream, Armstrong, Enderby, and Lumby.

Overall Market Activity

  • Total Sales: 164 (up 0.61%)
  • Sales Volume: $106.6M (down 6.34%)
  • Active Listings: 1,488 (up 5.23%)
  • New Listings: 489 (down 0.20%)
  • List-to-Sell Ratio: 95.14% (up from 89.52%)
  • Days to Sell (Avg): 75 (down 8.54%)

Compared to last April, the North Okanagan market shows resilience despite a drop in dollar volume. Sales counts are holding, homes are moving faster, and pricing strategy is clearly being rewarded. Inventory remains higher than last year, giving buyers more options—but well-prepared homes are still moving swiftly.

This is for informational purposes only. You should always consult with a licensed real estate professional before proceeding with any real estate transaction.

Property Type Breakdown

Single Family Homes (Excludes Lakefront & Acreage)

  • Sales: 77
  • Average Price: $779,158
  • Median Price: $707,500
  • Days to Sell: 53
  • New Listings: 193

Sales were solid, and prices are holding steady. With over 190 new listings in April alone, buyers in this segment have options—but attractive, well-priced homes are still drawing quick offers.

Condo/Apartments

  • Sales: 16
  • Average Price: $296,869
  • Median Price: $296,450
  • Days to Sell: 53
  • New Listings: 37

Condo activity remains light, but prices are stable. This segment continues to appeal to downsizers and investors looking for simpler, lower-maintenance properties in central areas.

Townhomes

  • Sales: 21
  • Average Price: $527,519
  • Median Price: $512,500
  • Days to Sell: 45
  • New Listings: 54

Townhomes saw steady movement with 21 sales in April. Inventory levels remain manageable, and demand is consistent among families and retirees alike.

Notable Trends

  • Benchmark price for single-family homes: $731,000
  • Sales-to-inventory ratio across all residential types: 11%
  • Total residential inventory: 988
  • Strong list/sell ratios across all property types: remain above 95%

What This Means

The North Okanagan market continues to offer balance—fewer bidding wars, more informed buyers, and fair expectations from sellers. If you're preparing to enter the market, timing and strategy still matter. Sellers should focus on clean presentation and realistic pricing. Buyers have more inventory to choose from but need to act decisively when the right home appears.

Need a breakdown by property type or neighborhood?
Get in touch for a personalized market analysis or to get matched with current listings.

Graphics

These graphics are from The Association of Interior Realtors. They highlight the HPI trends. Understanding them—and knowing what to do next—is where I come in. If you're thinking of buying or selling, let’s talk about what these numbers mean for you.

Total Sales

Total Active Listings

Average Days To Sell

Single Family Homes

Condos

Towhomes