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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