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

Sell/Inventory Ratio: 10.29% (this is the "absorption" of homes, i.e. how much of what is currently on the market sold last month.)

Days to Sell:

70 (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:

1264 (versus 991 in 2022)

Average List Price:


Benchmark Price:

Single Family:  $728,100

Townhouse:     $549,800

Apartment:    $321,500

North Okanagan Lakefront Sales:

Waterfront Home Sales:

15 Waterfront homes sold this year to date.  

Waterfront Home Listings:

There are 31 waterfront homes currently on the market versus 22 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:

July: 329

August: 321

September: 325

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

July: 168

August: 167

September: 110

Wrap Up:


September can be a busy month for many. With school starting and seasons in transition, often the real estate market can fall behind. This past month was no exception. Despite producing a healthy increase in new listings, September showed a drop in sales by close to -18%. We are trending towards a buyer's market with longer Days to Sell numbers and decreased sales, but this could still be a seasonal change. Importantly, if your home has been on the market now may be the time to have a discussion with your agent about the best way to get buyers to zero in. 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 currently listed or thinking about listing your home, our new video "8 Common Mistakes Sellers Make." may be of interest to you!


September delivered great numbers for potential buyers. New listings boasted a nearly 20% increase over new listings in September of 2022. Additionally, sales have slowed down a bit and some properties are sitting a few days longer on the market. However, this could just be a temporary change and not indicating a new trend in the market, so 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 for your first home and concerned about protecting your future property, our video "You've bought a House and It Burns Down before Closing..... What Now?" may be of interest to you!

Here is our feature listing of the month, spacious property in desirable Easthill. View our listing video for 2100 27 Crescent 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, Just Released! Real Estate Market Update for June 2023, 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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