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 - June 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: 16.60%

Central: 13.17%

Shuswap:  16.23%

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: 50

Central: 51

Shuswap: 57

Active Listings:

North: 1672

Central: 4526

Shuswap: 1149

Benchmark Price:

North:

Single Family: $784,100

Townhouse:     $584,100

Apartment:    $329,000

Central:

Single Family: $1,067,500

Townhouse:     $713,300

Apartment:    $516,700

Shuswap:

Single Family: $735,000

Townhouse:     $542,600

Apartment:    $437,900

Average Prices (Residential):

North: $753,580

Central: $1,104,528

Shuswap: $739,371

Lakefront Sales (Year to date):

North Okanagan Waterfront Home Sales: 13

Central Okanagan Waterfront Home Sales: 31

Shuswap Waterfront Home Sales: 14

Okanagan Shuswap Overall Statistics:

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

North: 426

Central: 1290

Shuswap: 275

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

North: 197

Central: 458

Shuswap: 123

Wrap Up:

Sellers:

With sales volume climbing and inventory tightening across the Okanagan, sellers are in a decent position to command competitive prices. June 2025 data shows that well-priced homes are moving quickly, especially in lakefront and recreational areas like the Shuswap. Listing now could allow you to capitalize on heightened demand before summer activity begins to taper. Don't wait too long, 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 a current home owner, our new video "BC Home Owner Grant 2025: How to Save $770 or More on Your Property Taxes." could be an interesting watch for you!

Buyers:

If you're a buyer entering the Okanagan market now, be prepared for increased competition, as June 2025 data indicates strong demand although still a good sized inventory. Acting quickly and getting pre-approved will always offer a crucial edge in multiple-offer situations. Patience and flexibility may be key, but opportunities still exist, especially for those ready to move decisively. 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 property in Vernon, the new video "The Vernon Price Tag: What 500K, 750K, and 1M Really Get You in 2025." may definitely be of interest to you!

Here is our feature listing of the month, a charming Otter Lakefront home on 8.3-acres in Spallumcheen. View our listing video for 4444 Hales 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