Just Released! Real Estate Market Update for April 2024

Just Released! Real Estate Market Update for April 2024


This Okanagan Shuswap Real Estate Update covers the areas of Greater Vernon and the North Okanagan, Kelowna and Central Okanagan as well as Salmon Arm and the Shuswap.

Updated Stats for Residential Homes in the Okanagan Shuswap - April 2024

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

North: 16.29%

Central: 13.74%

Shuswap:  14.77%

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 canceled and then re-listed.):

North: 63

Central: 46

Shuswap: 64

Active Listings:

North: 1414

Central: 3706

Shuswap: 1000

Benchmark Price:


Single Family:  $738,500

Townhouse:     $548,400

Apartment:    $340,600


Single Family:  $1,009,000

Townhouse:     $734,600

Apartment:    $509,200


Single Family:  $688,100

Townhouse:     $524,000

Apartment:    $422,600

Lakefront Sales (Year to date):

North Okanagan Waterfront Home Sales:  3

Central Okanagan Waterfront Home Sales: 8

Shuswap Waterfront Home Sales: 9

Okanagan Shuswap Overall Statistics:

Total Units that were newly LISTED (and active on the market):

North: 471

Central: 1280

Shuswap: 381

Total Units SOLD (all property types including raw land and commercial):

North: 164

Central: 447

Shuswap: 99

Wrap Up:


With so many new listings hitting the market the way they did in April, it can be impossible for sales to keep up. Buyers have their picking and can be choosy, which can cause many homes to get lost in the fold. If your home has been listed for a while now, it may be the time to have a discussion with your agent about the best way to get buyers to zero in and stand out among the rest. Maybe that means a price adjustment, a purchase incentive, or even just some new staging or photos, now is the time to talk game plan with a pro listing agent today.  

If you're currently listed or thinking about listing your home and want to avoid the most common mistakes made by sellers, our new video "7 Home Selling Pitfalls" may be of interest to you!


Now is your time to shine, Buyers. With so many new listings to choose from, it is your chance to capitalize on this advantage to secure a home you've had your eye on. However, the competition is also still out there, so in order to get a competitive price on a desirable property, you need your financing in order and a real estate expert to guide you in your journey. reach out to our office today to get started! If you're searching for your new home and struggling to secure the funds to do so, our new video "First Time Home Buyer's Guide: How to Raise a Down Payment in BC." may be of interest to you!

Here is our feature listing of the month, a Middleton Mountain property with an in-ground pool. View our listing video for 937 Mt. Griffin 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, an authority on Vernon BC, Okanagan and Shuswap and area real estate and a leader in the field of real estate blogging and vlogging.  Lisa and her group 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: VernonArmstrongEnderbyLake CountryLumbyWestside and Salmon Arm/Shuswap.

Call or Text 250-549-7258 or email


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