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 - March 2025

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

North: 15.63%

Central: 10.96%

Shuswap:  13.37%

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 cancelled and then re-listed.):

North: 60

Central: 56

Shuswap: 79

Active Listings:

North: 1297

Central: 3932

Shuswap: 858

Benchmark Price:

North:

Single Family: $774,400

Townhouse:     $591,600

Apartment:    $322,200

Central:

Single Family:  $1,046,800

Townhouse:     $750,600

Apartment:    $504,500

Shuswap:

Single Family:  $738,400

Townhouse:     $551,900

Apartment:    $423,600

Average Prices (Residential):

North: $743,483

Central: $1,117,815

Shuswap: $686,535

Lakefront Sales (Year to date):

North Okanagan Waterfront Home Sales:  5

Central Okanagan Waterfront Home Sales: 9

Shuswap Waterfront Home Sales: 3

Okanagan Shuswap Overall Statistics:

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

North: 465

Central: 1335

Shuswap: 311

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

North: 138

Central: 370

Shuswap: 78

Wrap Up:

Sellers:

Along with the arrival of spring, March brought a positive trend in the market for sellers! Sales in all areas were up compared to 2024, including an over 30% increase in sales in the North Okanagan. These numbers, combined with more reasonable listing volumes, could mean great things for those currently on—or looking to enter—the market. Now, more than ever, is the time to have a discussion with your agent about the best way to get buyers to zero in on your home. It's time to talk strategy with a professional listing agent today.

If you're currently considering listing your waterfront property and trying to determine a strong asking price, our new video "Outback Lakeside Resort Vernon BC – 2024 Sales Trend and What's Next" could be an interesting watch for you!

Buyers:

Buyers, this positive market continues to show promise for those searching for a home. However, March saw very healthy sales numbers. When combined with fewer days on market and decreased listings in the Shuswap and Central regions, this could mean you'll need to step up your game. It’s more important than ever to have a real estate expert guiding you through your journey. Reach out to our office today to get started!

If you're in the market for a home and looking to expand your options, the new video "Buying a Foreclosure in British Columbia" may definitely be of interest to you!

Here is our feature listing of the month, a charming East Hill property. View our listing video for 3403 18th Street 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: Vernon, Armstrong, Enderby, Lake Country, Lumby, Westside and Salmon Arm/Shuswap.

Call or Text 250-549-7258 or email webinfo@saltfowler.com