January 2006 - Central Okanagan Statistics

The Kelowna real estate market had a slight decline to start of the new year. January 2006 average house prices dropped 2.69% from $355,380 to $345,818 throughout the month. However there is a significant increase from the January 2005 average of $307,809 which brings us up to a 12.34% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased. The number of units listed in January is up 22.10% to 739 units over last year’s 605 units. How many SOLDS did we see? Kelowna buyers were busier this month with 377 units sold this year vs. the 331 units sold last year. Days on market increased to 83 days.

February 2006 - Central Okanagan Statistics

The Kelowna real estate market had a jump up this month. February 2006 average house prices increased 4.7% from $345,818 to $362,183 throughout the month. However there is a significant increase from the February 2005 average of $305,533 which brings us up to a 18.54% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased. The number of units listed in February is up 3.0% to 766 units over last year’s 744 units. How many SOLDS did we see? Kelowna buyers were a bit busier this month with 480 units sold this year vs. the 450 units sold last year. Days on market decreased to 73 days.

March 2006 - Central Okanagan Statistics

The Kelowna real estate market was on the rise this month. March 2006 average house prices increased 1.4% from $362,183 to $367,287 throughout the month. However there is a significant increase from the March 2005 average of $307,726 which brings us up to a 19.35% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased. The number of units listed in March is down 2.4% to 899 units over last year’s 921 units. How many SOLDS did we see? Kelowna buyers were a bit busier this month with 567 units sold this year vs. the 562 units sold last year. Days on market went way up to 155 days.

April 2006 - Central Okanagan Statistics

The Kelowna real estate market had another strong month. April 2006 average house prices increased 3.7% from $367,287 to $381,151 throughout the month. However there is a significant increase from the April 2005 average of $320,950 which brings us up to a 18.76% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased. The number of units listed in April is way down 13% to 792 units over last year’s 910 units. How many SOLDS did we see? Kelowna buyers were busy with spring cleaning 507 units sold this year vs. the 600 units sold last year. Days on market decreased to 92 days.


Click here to view May, June, July & August 2006 real estate statistics