Real estate sales in the Central Okanagan are still 25% below the decade average, but it was still the busiest August in four years.<\/p>\n\n\n\n
The Rennie Advance real estate analysis report shows that single-family home sales were up 9% over August 2024, and condo sales increased 18%. Townhome sales dropped by 6%, and are 32% below the 10-year average.<\/p>\n\n\n\n
While the housing market normally sees an 8% drop from July to August, this year it doubled to a 16% drop.<\/p>\n\n\n\n
Sales of single-family homes in the Central Okanagan lagged 25% behind the decade average, with condo sales 23% behind.<\/p>\n\n\n\n
The number of single-family homes on the market dropped by 5% in August, but still sits at 30% higher than the decade average.<\/p>\n\n\n\n
There were almost 20% more condos on the market in August than the same month last year, and inventory sits at 63% higher than the decade average.<\/p>\n\n\n\n
According to the Association of Interior Realtors, the benchmark price of a single-family home in the Central Okanagan is $1,050,900 \u2013 up 3% over August 2024.<\/p>\n\n\n\n
Numbers from the association also show that overall sales in all housing types from the North to the South Okanagan increased.<\/p>\n\n\n\n
“Real estate activity softened toward the end of the month, which is not uncommon, when seasonal patterns and summer activities often play a role in moderating market activity. However, sales still
outperformed last year\u2019s pace, underscoring a positive trend of the last few months despite lingering economic uncertainty,” Association of Interior Realtors president Kadin Rainville said in a media release.<\/p>\n\n\n\n
“It\u2019s encouraging to see the market continuing to build momentum and signalling recovery, particularly when compared to some of the other markets across the province.”<\/p>\n\n\n\n
The Southern Okanagan saw the biggest increase in sales of single-family homes, with 36% more sales than August last year. Townhome sales in the region remain the same, while condo sales increased by 6%.<\/p>\n\n\n\n
In the North Okanagan, single-family home sales increased 9%, condo sales remained the same, and townhome sales increased by a whopping 136%, albeit with 26 sales.<\/p>\n\n\n\n
In both the North and South Okanagan, prices remained steady, fluctuating by a few percentage points.<\/p>\n\n\n\n
In Kamloops, sales in single-family homes increased by 5%. Townhome sales saw a 26% jump, while condo sales fell 31%. However, only 29 townhomes and 20 condos were sold.<\/p>\n\n\n\n
While the real estate market lags behind its decade average, prices largely remain unchanged.<\/p>\n\n\n\n
The benchmark price for a single-family home in the North Okanagan sits at $793,000. In the South Okanagan it’s $736,000 and in Kamloops it’s $670,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite everything, prices remain largely unchanged.<\/p>\n","protected":false},"author":292,"featured_media":7605,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"","byline":"","published":"","updated":"","_infotelid":"","_prepressid":"","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1680,541,543],"tags":[],"region":[322,323,324,325],"class_list":["post-7604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"post_modified":"2025-09-05T18:00:00","post_modified_gmt":"2025-09-06T01:00:00","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/staging.infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/inhome-hd-mediaitemid102002-1788_a4f67f.jpg","_links":{"self":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts\/7604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/users\/292"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/comments?post=7604"}],"version-history":[{"count":0,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts\/7604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/media\/7605"}],"wp:attachment":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/media?parent=7604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/categories?post=7604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/tags?post=7604"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/region?post=7604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}