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 - May 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: 16.08%

Central: 14.28%

Shuswap:  20.14%

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: 58

Central: 52

Shuswap: 67

Active Listings:

North: 1622

Central: 4448

Shuswap: 1058

Benchmark Price:

North:

Single Family: $771,300

Townhouse:     $567,000

Apartment:    $325,800

Central:

Single Family:  $1,030,400

Townhouse:     $745,200

Apartment:    $511,800

Shuswap:

Single Family:  $766,700

Townhouse:     $524,700

Apartment:    $433,100

Average Prices (Residential):

North: $819,660

Central: $1,150,234

Shuswap: $790,354

Lakefront Sales (Year to date):

North Okanagan Waterfront Home Sales: 8

Central Okanagan Waterfront Home Sales: 18

Shuswap Waterfront Home Sales: 9

Okanagan Shuswap Overall Statistics:

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

North: 491

Central: 1369

Shuswap: 301

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

North: 184

Central: 477

Shuswap: 129

Wrap Up:

Sellers:

The summer sun is in full force, and for sellers looking for some extra heat on their property, it's more important than ever to list at a competitive price and make sure your home is truly looking its best. Also, if you aren't already, consider marketing your new best friend. Now 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 looking to downsize after selling, our new video "Why Everyone's Downsizing to this 55+ Vernon Community: Spruce Landing Full Tour & Review" could be an interesting watch for you!

Buyers:

As we start the seque into the 2025 Okanagan Summer, the real estate market continues to maintain a solid conistency. With new listings every month, especially in the North, and homes still taking longer to sell, buyers have the opportunity to shop around without too much off a rush. However, when you find that dream home, don't sleep on it! Multiple offers are still taking place in the most popular price ranges, and 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 are considering buying a waterfront property, the new video "Should you Buy a Lakefront Home in Vernon BC? 7 Pros and Cons You Need to Know" may definitely be of interest to you!

Here is our feature listing of the month, a modern Lakeview home. View our listing video for 5064 Ridge 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.  

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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