Benchmark price for home in Central Okanagan reaches $1.1 million - Okanagan | Globalnews.ca

Association of Interior RealtorsFor example, in the Central Okanagan, the benchmark price for a single-family home rose 34 per cent to $1,129,000 – up from $829,000 in March 2021.It was the same story for single-family homes in the South Okanagan , the North Okanagan and the Shuswap-Revelstoke region .

However, by far it costs more to live in the Central Okanagan than nearby areas, with Kelowna-area homes costing upwards of $350,000 more when compared to homes in Penticton, Vernon and Salmon Arm.REBGV release March housing report Note: AIR says South Okanagan benchmark pricing for March 2021 isn’t available, as benchmark pricing was introduced in the second half of 2021. According to AIR, benchmark pricing represents a typical property within each market.

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