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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