This Okanagan Shuswap Real Estate Update covers the areas of Greater Vernon and the North Okanagan, Kelowna and Central Okanagan as well as Salmon Arm and the Shuswap.

Updated Stats for Residential Homes in the Okanagan Shuswap - April 2025

Sell/Inventory Ratio (this is the "absorption" of homes, i.e. how much of what is currently on the market sold last month.):

North: 16.89%

Central: 14.12%

Shuswap:  11.59%

Days to Sell (how many days on average it is taking to sell a home. Please note this does not include additional time on the market of any listings that expired or were cancelled and then re-listed.):

North: 53

Central: 51

Shuswap: 66

Active Listings:

North: 1488

Central: 4222

Shuswap: 1007

Benchmark Price:

North:

Single Family: $764,900

Townhouse:     $597,800

Apartment:    $326,400

Central:

Single Family:  $1,034,800

Townhouse:     $734,600

Apartment:    $513,100

Shuswap:

Single Family:  $714,400

Townhouse:     $554,600

Apartment:    $431,600

Average Prices (Residential):

North: $779,158

Central: $1,035,599

Shuswap: $734,594

Lakefront Sales (Year to date):

North Okanagan Waterfront Home Sales:  8

Central Okanagan Waterfront Home Sales: 13

Shuswap Waterfront Home Sales: 7

Okanagan Shuswap Overall Statistics:

Total Units that were newly LISTED (and active on the market):

North: 489

Central: 1397

Shuswap: 296

Total Units SOLD (all property types including raw land and commercial):

North: 164

Central: 446

Shuswap: 81

Wrap Up:

Sellers:

Your success as a seller in the Okanagan right now can really differ depending on where you are located. We are seeing hot spots and cooler areas, with varying days to sell and sales numbers. However, regardless of where you are located, showing the value of your home is more important than ever. If not already, consider marketing your new best friend. Now is the time to have a discussion with your agent about the best way to get buyers to zero in on your home. It's time to talk strategy with a professional listing agent today.

If you're a seller already dreading the impending move after the sale of your home, our new video "Moving Sucks: A Realtor's Perspective" could be an interesting watch for you!

Buyers:

Homes are taking longer to sell, which when combined with new homes hitting the market daily and a generous amount currently listed, equates to a relaxed time to be a buyer in the Okanagan. You can take your time, and be more picky than in recent years. So, if you're on the fence about starting the home search, now is the time to start slowly without the pressure, especially while interest rates are still low. It’s more important than ever to have a real estate expert guiding you through your journey. Reach out to our office today to get started!

If you work from home and in the market for a home in the Okanagan Valley, the new video "North Okanagan: Is It For Remote Jobs?" may definitely be of interest to you!

Here is our feature listing of the month, a thoughtfully-updated 1940's built charmer. View our listing video for 4107 34th Street here:

If you are wanting to buy, call us and we can work together to get you access to that elusive 10% of homes that are not currently on the market.  One of them may just be the perfect home for you.  Reach out to Salt Fowler today. and "Just Add Salt".  Being first in line in this competitive market is key.  

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About the Author: The article above, Real Estate Market Update, was provided by Lisa Salt, an authority on Vernon BC, Okanagan and Shuswap and area real estate and a leader in the field of real estate blogging and vlogging.  Lisa and her group have helped literally thousands of families buy and sell homes since 1993. 

Looking to buy a home in the Okanagan Shuswap area?  Check out "Everything You Need to Know About Buying a Home" article. It’s free of charge and will save you a ton of time!

Looking to sell?  We use the latest technology to get our clients’ homes sold quickly and for as much money as possible.

We help people buy and sell real estate in the following Okanagan/Shuswap areas: Vernon, Armstrong, Enderby, Lake Country, Lumby, Westside and Salmon Arm/Shuswap.

Call or Text 250-549-7258 or email webinfo@saltfowler.com