January 2008 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market dropped slightly this month.  January 2008 average house prices decreased 2.79% from $497,312 to $483,784 throughout the month.  There is a significant increase from the January 2007 average of $441,269 which brings us up to a 9.63% overall increase from last year.

The number of Kelowna/Central Okanagan sellers has also been on the rise.  The number of units listed in January is up 16.49% to 968 units over last year’s 831 units.  How many SOLDS did we see?  A bit of a decrease compared to last year – with 322 units sold vs. the 353 units sold in January 2007.  Days on market increased by a few days to 83.

February 2008 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market increased slightly this month.  February 2008 average house prices increased 2.65% from $483,784 to $496,621 throughout the month.  There is a significant increase from the February 2007 average of $451,782 which brings us up to a 9.92% increase from February last year.

The number of Kelowna/Central Okanagan sellers has also been on the rise.  The number of units listed in February is up 18.07% to 1091 units over last year’s 924 units.  How many SOLDS did we see?  A bit of a decrease compared to last year – with 419 units sold vs. the 444 units sold in February 2007.  Days on market held steady at 82.

March 2008 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market increased this month.  March 2008 average house prices increased 9.18% from $496,621 to $542,236 throughout the month. There is a significant increase from the March 2007 average of $441,680 which brings us up to a 22.77% increase from March last year.

The number of Kelowna/Central Okanagan sellers has also been on the rise.  The number of units listed in March is up 20.63% to 1257 units over last year’s 1042 units.  How many SOLDS did we see?  A bit of a decrease compared to last year – with 458 units sold vs. the 640 units sold in March 2007.  Days on market dropped down to 60.

April 2008 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market held steady this month from a price perspective.  April 2008 average house prices increased 1.95% from $542,236 to $552,830.87 throughout the month. There is a significant increase from the April 2007 average of $455,641 which brings us up to a 21.33% increase from April last year.

The number of Kelowna/Central Okanagan sellers has also been on the rise.  The number of units listed in April is up 44.93% to 1329 units over last year’s 917 units.  How many SOLDS did we see?  A bit of a decrease compared to last year – with 476 units sold vs. the 663 units sold in April 2007.  Days on market increased to 70.