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
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