Just Released! North Okanagan Real Estate Market Update for January 2023


This North Okanagan Real Estate Update covers the areas of Vernon, Coldstream, Falkland, Armstrong, Enderby, and Lumby.

Updated Stats for Residential Homes in the North Okanagan - January 2023

Sell/Inventory Ratio: 12.89% (this is the "absorption" of homes, i.e. how much of what is currently on the market sold last month.)

Days to Sell:

51 (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 canceled and then re-listed.)

Active Listings:

837 (versus 512 in 2021)

Average List Price:


Benchmark Price:

Single Family:  $711,600

Townhouse:     $460,100

Apartment:    $326,500

North Okanagan Lakefront Sales:

Waterfront Home Sales:

1 Waterfront home sold this year to date.  

Waterfront Home Listings:

There are 14 waterfront homes currently on the market versus 7 on the market same time last year. 

North Okanagan Overall Statistics:

Total Units that were newly LISTED (and active on the market) during each of the past 3 months:

November: 207

December: 101

January: 203

Total Units SOLD (all property types including raw land and commercial) during each of the past 3 months:

November: 107

December: 68

January: 64

Wrap Up:


Dear Buyers, the start of 2023 brought along with it some interesting numbers within the Real Estate Market. While the sale numbers stayed fairly consistent with December 2022, new listing numbers jumped noticeably. Lots of new properties are hitting the market, so a competitive price adjustment could go a long way if you are already listed. If you are considering listing your property, now could be the time to get into the game and talk strategy with a knowledgeable listing agent today.  

If you're currently listed, thinking about listing, or simply a curious homeowner, our new video "2023 Property Tax Assessment freaking you out?" may be of interest to you!


Buyers, if January is any indication, 2023 is looking great for you. With a generous number of new listings hitting the market last month, inventory is extensive and growing while sales are staying in a moderate range. However, in order to get a great price or a leg up on a desirable property, you need a real estate expert to guide you in your journey, reach out to our office today to get started!

If you're currently in the market for a new property, our informative video "BC Strata Property Act: new regulations explained" may be of interest to you!

Here is our feature listing of the month, a gorgeous property located at Adventure Bay. View our listing video for 8852 Tavistock 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.  

Call 250-549-7258, Text 250-309-9586 or email


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