July Real Estate Statistics

Our Real Estate Market Update!

For the month of July in the South Okanagan listings are down 16% from July of last year. Year-to-Date listings are just off last year’s mark with 3088 homes listed. Current listing inventory for the South Okanagan sits 14% higher than the same time last year.

Sales in the South Okanagan for the month of July are on par with last July, just up 3%. Year-to-Date 1209 sales have been reported which is down 21% from 2018. With the summer weather having finally arrived in the South Okanagan, the local real estate market is still in full swing!

SUMMERLAND, BC

60 properties were listed in Summerland in the month of July which is up 46% from July of last year. Year-to-Date there have been 395 properties listed in Summerland which is up 4% from 2018. There are currently 263 properties listed in Summerland which is 43% more than last year.

Sales for the month of July are on par with last year’s sales numbers. Year-to-Date there have been 139 sales reported in Summerland which is down 15% from 2018.

Interesting Numbers

Single Family Residential
Average Sale Price
$725,563

Condo
Average Sale Price
$315,340

Townhome
Average Sale Price
$306,083

UPCOMING EVENTS IN SUMMERLAND:

  • GIANTS HEAD REGATTA August 9th
    The regatta is held at the Summerland Yacht Club, Giant’s Head is the only regatta, in the Okanagan lake series, with a long distance race around “Rattle Snake Island” and back, on the Saturday of the 2-day race
  • GREAT OGOPOGO BATHTUB RACE August 17th
    This ain’t your grandmother’s idea of a bathtub race! Only the tough survive… Join us for a family day at Powell Beach as we aim to hit our $120,000 goal in funds for the South Okanagan Similkameen Medical Foundation. Join us in cheering on TEAM RE/MAX again this year!!!!
  • MUSIC IN THE PARK August 21st 7:00PM- 9:00PM
    Steve Jones plays a mix of Classic R&R covers and original music outside in the park. Bring
    a lawn chair and sit back and enjoy an evening of live music in the park.
  • RYGA ARTS FESTIVAL August 24- September 1st
    The Ryga Festival is a multi-day arts festival featuring live music, play readings and artistic workshops, symposiums, and more.

PENTICTON, BC

164 properties were listed in Penticton in the month of July which is down 14% from July of last year. Year-to-Date there have been 1114 properties listed in Penticton which is down 5% from 2018. There are currently 610 properties listed in Penticton vs. 555 from last year.

97 sales were recorded for the month of July which is up 14% from last July. Year-to-Date there have been 552 sales reported in Penticton which is down 18% from 2018.

Interesting Numbers

Single Family Residential
Average Sale Price
$540,189

Condo
Average Sale Price
$313,525

Townhome
Average Sale Price
$377,397

UPCOMING EVENTS IN PENTICTON:

  • PENTICTON PEACH FESTIVAL August 7-11th
    An annual South Okanagan Valley tradition, which began in 1947, to celebrate the peach harvest in Penticton, British Columbia, Canada. Food, rides, music and so much more! SEE YOU AT RE/MAX SPONSORED TRIBUTE NIGHT ON SATURDAY!
  • LONI MOGER & STEFAN BEINZ AT TIME WINERY August 15th
    Sit back and enjoy a sip or two of our award-winning wines along with tasty selections from our seasonal menu. Happy Hour specials are also available.
  • ZONNIS AT CANNERY BREWING August 25th
  • This local duo will play from 6 to 8pm, no cover charge! Bring a friend, drink some beer, support live, local music.
  • PENTICTON FARMERS’ MARKET Every Sat. 8:30AM – 1:00PM
    On the 100 block of Main Street you can find farm fresh veggies & fruits, eggs, honey, baking, preserves and handmade crafts – all grown or produced in the South Okanagan.

OSOYOOS, BC

50 properties were listed in Osoyoos in the month of July which is down 48% from the 97 homes listed July of last year. Year-to-Date there have been 496 properties listed in Osoyoos which is down 6% from 2018. Currently there are 492 properties for sale in Osoyoos, up 16% from last year.

Sales for the month of July is just slightly off from last year, down
just 9%. Year-to-Date there have been 138 sales reported in Osoyoos which is down 38% from 2018.

Interesting Numbers

Single Family Residential
Average Sale Price
$624,519

Condo
Average Sale Price
$273,652

Townhome
Average Sale Price
$568,468

UPCOMING EVENTS IN OSOYOOS:

  • PARKOUR CAMP August 5-9th
    If you’re looking for something fun, fast and new, come check out parkour! Join Michael Kleyn from Ethos Parkour and learn to move and flow with fast efficient movement through any space! Youth will learn to climb, jump, land, roll, flip, vault and trick with flair.
  • FAMILY SPLASH DAY August 14th 4:30PM-6:30PM
    Come on down to the Osoyoos Splash Park for an afternoon of Family Fun! Hot dogs, treats and the RDOS Physical Activity Trailer will all be part of the event!What better way to spend a Wednesday
  • STREET DANCE AT GYRO PARK August 17th 7:00 -10:00 pm Location: Gyro Park Bandshell, Everyone welcome!
  • MUSIC IN THE PARK Every Friday 6:30PM-8:30PM
    Now in its fifth season, Osoyoos Music in the Park will feature everything from high energy bands to big performance bands, with genres ranging from Country to Rock and Roll, to Celtic and everything in between! Audiences can expect big sound, polished harmonies and a fun evening of FREE music.
  • MARKET ON MAIN Every Saturday 9:00AM-1:00PM
    Products that are made local and grown local, so you can buy local. This includes a variety of artisan crafts, local fruits and vegetables and wine/cider/beer/spirits.

OLIVER, BC

43 properties were listed in Oliver in the month of July which is down
30% from July of last year. Year-to-Date there have been 312 properties on the market in Oliver which is up 1.6% from 2018. Currently there are 20% more properties on the market in Oliver compared to the same time last year.

Sales in Oliver for the month of July are up 15% from July of last year.
Year-to-Date there have been 124 sales reported in Oliver which is down 31% from 2018.

Interesting Numbers

Single Family Residential
Average Sale Price
$424,075

Condo
Average Sale Price
$204,492

Townhome
Average Sale Price
310,245

UPCOMING EVENTS IN OLIVER:

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  • YOGA IN THE VINEYARD @ TINHORN CREEK August 10th
    Stretch and unwind surrounded by the beauty of the Golden Mile Bench. Bring your Yoga mat and enjoy a 1-hour class suitable for all levels. Outdoor yoga on the grass in our Amphitheatre.
  • ROCK & ROLL PICNIC August 16th
    The Roots & Fruits Expo weekend kicks off in a big way with the Rock and Roll Picnic. The Picnic features a rocking party-in-the-park atmosphere hyped by two headliner bands, “Hot Ticket” (contemporary rock) and the “Perfectly Petty” (Tom Petty tribute band).
  • ROOTS & FRUITS FESTIVAL August 17 & 18th
    Outdoor festivities in Oliver. Come on out & enjoy some music & sunshine! We are playing both days, Aug 17 at 2:30PM and Aug 18 at 4:00PM
  • MARKET ON MAIN (Osoyoos) Every Saturday 9:00AM-1:00PM
    Products that are made local and grown local, so you can buy local. This includes a variety of artisan crafts, local fruits and vegetables and wine/cider/beer/spirits.

For all of your real estate needs, call us!

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Not intended to solicit properties currently listed for sale or under contract. Each office independently owned and operated. July 31th, 2019 MLS® Statistics provided by SOREB and BCREA.

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