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 - July 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: 16.20%

Central: 12.69%

Shuswap:  18.69%

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: 55

Shuswap: 82

Active Listings:

North: 1653

Central: 4481

Shuswap: 1139

Benchmark Price:

North:

Single Family: $770,500

Townhouse:     $563,100

Apartment:    $320,700

Central:

Single Family: $1,045,000

Townhouse:     $724,700

Apartment:    $504,500

Shuswap:

Single Family: $736,600

Townhouse:     $522,700

Apartment:    $425,300

Average Prices (Residential):

North: $801,409

Central: $1,053,775

Shuswap: $796,219

Lakefront Sales (Year to date):

North Okanagan Waterfront Home Sales: 17

Central Okanagan Waterfront Home Sales: 39

Shuswap Waterfront Home Sales: 21

Okanagan Shuswap Overall Statistics:

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

North: 391

Central: 1184

Shuswap: 235

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

North: 194

Central: 482

Shuswap: 141

Wrap Up:

Sellers:

Homes are still selling, but the market currently favors buyers. Pricing strategically and presenting your home well are essential, since today’s buyers are savvy and patient. Don’t assume you’ll get top dollar just because a neighbor sold quickly last year, as market conditions have shifted. Waterfront properties face more competition this year, though there are still active buyers, especially in central Okanogan. To succeed, your home needs to stand out and appeal to buyers who are taking their time to choose carefully. It's time to talk strategy with a professional listing agent today.

If you're a current lakeside owner thinking about selling and looking for some comparisons, our new video "Lakefront Homes in Vernon BC by Seadoo." could be an interesting watch for you!

Buyers:

If you’ve been waiting on the sidelines, July’s numbers suggest now could be a good time to jump in. Interest rates are relatively stable, and while inventory is still tight in some areas, more listings are coming onto the market. Buyer activity is increasing, which means more competition but also more opportunities, especially in the North Okanagan, where prices remain more affordable and homes sell at a manageable pace. The key is to get preapproved, know your must-haves, and be ready to act quickly. When the right home comes along, being prepared will put you in the best position to make a move. 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 part-time home in the Okanagan Valley, the new video "Seasonal Living in Vernon BC." may be of interest to you!

Here is our feature listing of the month, a lovely Coldstream home between the schools. View our listing video for 11704 Tassie Drive 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