Updated Stats for Residential Homes in the Okanagan Shuswap - August 2026
Sell/Inventory Ratio (this is the "absorption" of homes, i.e. how much of what is currently on the market sold last month.):
North: 15.38%
Central: 11.65%
Shuswap: 12.92%
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: 69
Central: 60
Shuswap: 63
Active Listings:
North: 1496
Central: 3953
Shuswap: 1135
Benchmark Price:
North:
Single Family: $794,300
Townhouse: $545,900
Apartment: $302,400
Central:
Single Family: $1,056,700
Townhouse: $698,600
Apartment: $465,700
Shuswap:
Single Family: $748,400
Townhouse: $535,500
Apartment: $407,100
Average Prices (Residential):
North: $790,383
Central: $1,049,811
Shuswap: $782,610
Lakefront Sales (Year to date):
North Okanagan Waterfront Home Sales: 16
Central Okanagan Waterfront Home Sales: 39
Shuswap Waterfront Home Sales: 32
Okanagan Shuswap Overall Statistics:
Total Units that were newly LISTED (and active on the market):
North: 270
Central: 838
Shuswap: 166
Total Units SOLD (all property types including raw land and commercial):
North: 135
Central: 362
Shuswap: 83
Wrap Up:
There are still buyers in the market, but sellers are competing for fewer transactions, making the first few weeks on market especially important. If your home is getting plenty of showings but no offers—or very little showing activity at all—the market may be giving you valuable feedback on your pricing, presentation, or strategy. The goal isn't simply to be listed; it's to be the home buyers choice from the available competition. Understanding the numbers and being prepared to adjust your strategy can make all the difference. It's time to talk strategy with a professional listing agent today. If you're currently listed or contemplating selling and curious about your next move, our latest video “Leaving Langley to Vernon.” may be of interest to you!
August continues to give buyers opportunity, with the ability to take their time, compare properties, and make a decision based on value. With fewer transactions taking place, buyers may have more choice and negotiating room depending on the property. The key is to understand the numbers and focus on finding a home that fits your needs and budget, rather than waiting for the market to change. 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 are considering buying a home, our new video “Waiting for Lower Rates or Home Prices?” could be of interest to you!
Here is our feature listing of the month, a well-maintained 2-bedroom/2-bathroom townhome. View our listing video for #5 1700 Bighorn Road 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.
__________________________________
About the Author: The article above, Real Estate Market Update, was provided by Lisa Salt (unlicensed), an authority on the Vernon BC, Okanagan and Shuswap areas and a leader in the field of blogging and vlogging. The group members at Salt Fowler 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
Comments:
Post Your Comment: