Vancouver Island & the Gulf Islands · updated hourly
Where the asking price looks favourable in Vernon.
28 active Vernon listings score at 55 or higher against comparable sales, price-cut history, and market context. The cards below are the top of that field, ranked against the whole of it.
Scored listings
28
Strong value
9
Median asking
$544K
Average score
69.5
Two things are being measured. The score out of 100 says how the asking price holds up against comparable sales. The standing on each card says how rare that score is in that city, counted against every scored listing there rather than the handful shown. Only listings with at least three comparable sales appear at all, because a score with nothing to compare against is not a score. All of it is a starting point for your own diligence, not financial advice.
9 of them reach 75 or higher, which reads as strong value, about 32% of what is scored here.
The median asking price across them is $544,450.
The average score is 69.5. Figures reflect current asking prices on active listings and refresh on the hour.
The top of the board in Vernon
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Other Vancouver Island & the Gulf Islands cities
Campbell River
19 scored · median $500K
Avg score 64.7
Nanaimo
14 scored · median $775K
Avg score 68.2
Duncan
11 scored · median $840K
Avg score 67
Courtenay
10 scored · median $640K
Avg score 66.5
Langford
10 scored · median $462K
Avg score 63
Victoria
8 scored · median $430K
Avg score 74
Ladysmith
7 scored · median $749K
Avg score 65
Saanich
7 scored · median $399K
Avg score 64.8
Port Hardy
6 scored · median $246K
Avg score 62.1
What paying for a home in Vernon looks like
Vernon households earn a median of $73,500 a year, and owners here carry a median shelter cost of $1,060 a month, about 17% of that income before tax.
24% of Vernon households already spend more than 30% of their income on shelter, which is the line Statistics Canada uses to call housing unaffordable.
Owners hold 66% of Vernon homes and renters the other 34%.
The census valued the average Vernon dwelling at $592,000 in 2021. The median asking price among the listings scored here is $544,450, 8% below that figure. Census values are self-reported and four years old, so read the gap as context rather than a measure of the market today.
Source: Statistics Canada, 2021 Census of Population, census subdivision level.
How a deal earns its place
Scored out of 100 against comparable sales, price history and market context, then ranked against every other scored listing in the same city. Nothing is hand-picked and no listing can pay to appear.
Source: BCRES MLS® via Bridge Interactive. Listing content is provided under MLS® Reciprocity and is deemed reliable but not guaranteed accurate. Scores reflect current asking prices on active listings and refresh on the hour. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of CREA.