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You Are Here:  Home / Local Info. / Kelowna Market Watch / Jan. - Apr. 2004
 
 

Kelowna Real Estate Statistics
January, February, March, April - 2004


     
           

January 2004 - Central Okanagan Statistics

Kelowna market held steady as we moved into the New Year. January 2004 average house prices went from $262,085 to $259,185 throughout the month. There was a significant increase from the January 2003 average of $219,994 which brings us up to a 17.81% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased. The number of units listed in January is down 9.0% to 608 units over last year’s 668 units. How many SOLDS did we see? Kelowna buyers finally backed off a bit with only 298 units sold this year vs. the 316 units sold last year. Days on market increased to 103 days.

February 2004 - Central Okanagan Statistics

The Kelowna real estate market held steady. February 2004 average house prices went from $259,185 to $255,706 throughout the month. There was a significant increase from the February 2003 average of $222,166 which brings us up to a 15.09% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased. The number of units listed in February is down 21.3% to 565 units over last year’s 718 units. How many SOLDS did we see? Kelowna buyers held steady with 388 units sold this year vs. the 373 units sold last year. Days on market were down to 76 days.

March 2004 - Central Okanagan Statistics

The Kelowna real estate market is on the rise again. March 2004 average house prices went from $255,706 to $264,780 throughout the month. There was a significant increase from the March 2003 average of $222,907 which brings us up to an 18.78% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased. The number of units listed in March is up 10.8% to 810 units over last year’s 731 units. How many SOLDS did we see? Kelowna buyers were busy with 563 units sold this year vs. the 495 units sold last year. Days on market is holding steady at 76 days.

April 2004 - Central Okanagan Statistics

The Kelowna real estate market is showing a steady climb. April 2004 average house prices went from $264,780 to $276,865 throughout the month. There was a significant increase from the April 2003 average of $233,813 which brings us up to an 18.41% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased as they are taking advantage of the increase in prices. The number of units listed in April is up a whopping 36.0% to 929 units over last year’s 683 units. How many SOLDS did we see? Kelowna buyers were busy too with 514 units sold this year vs. the 444 units sold last year. Days on market dropped to 65 days.


Click here to view May, June, July & August 2004 real estate statistics


Kelowna Real Estate Market Watch Index
Jan - Apr 02
May - Aug 02
Sept - Dec 02
Jan - Apr 03
May - Aug 03
Sept - Dec 03
Jan - Apr 04
May - Aug 04
Sept - Dec 04
Jan - Apr 05
May - Aug 05
Sept - Dec 05
Jan - Apr 06
May - Aug 06
Sept - Dec 06
Jan - Apr 07
May - Aug 07
Sept - Dec 07
Jan - Apr 08