Just Released! Real Estate Market Update for November 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 - November 2023

Sell/Inventory Ratio: 15.17% (this is the "absorption" of homes, i.e. how much of what is currently on the market sold last month.)

Days to Sell:

63 (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:

1149 (versus 912 in 2022)

Average List Price:


Benchmark Price:

Single Family:  $734,800

Townhouse:     $545,100

Apartment:    $332,300

North Okanagan Lakefront Sales:

Waterfront Home Sales:

23 Waterfront homes sold this year to date.  

Waterfront Home Listings:

There are 22 waterfront homes currently on the market versus 16 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:

September: 325

October: 271

November: 213

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

September: 110

October: 152

November: 118

Wrap Up:


The mercury on the thermometer might be falling, but the real estate market is not following suit quite as quickly.  November brought along decent numbers for both sales and new listings for this time of year, although the absorption numbers do dictate that we are back in a buyer's market after a blip in October.

The number of new properties on the market is great news for buyers, but if your home has been listed for a while now 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 competition. Whether that means a price adjustment or advertising strategy, now is the time to talk game plan with a pro listing agent today.  

If you're considering between listing and renting your home, our video "New Rules for Short Term Rentals" may be of interest to you!


These strong new listing numbers may be good news for those who have been in the market for a long time. In order to get a price you can afford 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 and considering a larger home, our video "Upsizing in a Down Market" may be of interest to you!

Here is our feature listing of the month, a potential-filled lakefront home. View our listing video for 7856 Tronson Road 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 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 Vernon/North Okanagan 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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