January 2007 -
Central Okanagan Statistics
The Kelowna real estate had a pretty good start to
the New Year. January 2007 average house prices increased
2.7% from $425,263 to $437,146 throughout the month.
This is a significant increase from the January 2006
average of $345,818 which brings us up to a 26.41%
overall increase from the past year.
The number of Kelowna/Central Okanagan sellers has
also been on the rise. The number of units listed
in January is up 11.3% to 826 units over last year’s
742 units. How many SOLDS did we see? A bit of a drop
over last year – with 348 units sold over the
373 units sold in January 2006. Days on market dropped
to 120 days.
February 2007 - Central Okanagan Statistics
The Kelowna real estate market had another strong
month. February 2007 average house prices increased
2.9% from $437,146 to $450,058 throughout the month.
This is a significant increase from the February 2006
average of $362,183 which brings us up to a 24.26%
overall increase from the past year.
The number of Kelowna/Central Okanagan sellers has
also been on the rise. The number of units listed
in February is up 20.3% to 924 units over last year’s
768 units. How many SOLDS did we see? Buyers must
have been on vacation this year because there was
a small drop with 438 units sold vs. the 489 units
sold in February 2006. Days on market decreased to
105 days.
March 2007 - Central Okanagan Statistics
The Kelowna real estate market had a slight correction
this month. March 2007 average house prices decreased
2% from $450,058 down to $442,246 throughout the month.
However, this average is a significant increase from
the March 2006 average of $374,007 which brings us
up to an 18.25% overall increase from the past year.
March continues to be a high listing month for the
Kelowna/Central Okanagan sellers. The number of units
listed in March is up 16.04% to 1042 units over last
year’s 898 units. How many SOLDS did we see?
Again an increase over last year – with 642
units sold over the 573 units sold in March 2006.
Days on market took a huge drop to 66 days.
April 2007 - Central Okanagan Statistics
The Kelowna real estate market had another strong
month. April 2007 average house prices increased 3%
from $442,246 to $455,996 throughout the month. This
is a significant increase from the April 2006 average
of $401,412 which brings us up to a 13.6% overall
increase from the past year.
The number of Kelowna/Central Okanagan sellers has
also been on the rise. The number of units listed
in April is up 15.64% to 917 units over last year’s
793 units. How many SOLDS did we see? Again an increase
over last year – with 659 units sold over the
516 units sold in April 2006. Days on market held
steady at 66 days.
Click here to view May, June, July & August 2007
real estate statistics
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