Residential real estate sales in the Central Okanagan were down 29% in December of 2020 compared to November, with 453 sold in December versus 634 in November. Home sales this December were notably greater than this time last year, up by 67% from December of 2019, which came to 271. 

The average price of single-detached residential home in the Central Okanagan increased 26% from December of last year, coming in at $854,387 in December of 2020 compared to December of 2019's $679,304. The average price of a townhome in December of 2020 increased by 15% compared to December of last year, coming to $560,782 versus December of 2019's $489,376. The average price of a condo also increased in December of 2020 by 12% to $406,994 compared to December of 2019's $363,855.

The number of new residential listings in December of 2020 decreased by 26% compared to November, with 406 new listings in December versus November's 546. New listings in December of 2020 were still 32% higher than last December's 308. 

The average days on market (DOM) in December 2020 experienced a slight increase of 1.6% from last month, with 63 DOM in December versus November's 62. DOM this December significantly decreased by 25% from December of 2019's 84 DOM.

If you have any questions on these statistics for the Central Okanagan or would like to discuss next steps in buying or selling a home, please reach out to Jeff Creamer by email at jeff@shopkelownahomes.com or by phone at 250-575-7112. Get weekly updates on Central Okanagan real estate market statistics and other useful real estate information and tips by following Jeff on FacebookInstagram and Twitter.

Central Okanagan Real Estate Market Statistics: December 2020