January
2008 - Central Okanagan 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 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 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.
NOTE: Average house price is higher due to a sale in the $7 million dollar range. It would be around $520,000 without this sale.
April
2008 - Central Okanagan Statistics
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