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You Are Here:  Home / Local Info. / Kelowna Market Watch / Jan. - Apr. 2008
 
 

Kelowna Real Estate Statistics
January, February, March, April - 2008


     
           

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

 


Kelowna Real Estate Market Watch Index
Jan - Apr 02
May - Aug 02
Sept - Dec 02
Jan - Apr 03
May - Aug 03
Sept - Dec 03
Jan - Apr 04
May - Aug 04
Sept - Dec 04
Jan - Apr 05
May - Aug 05
Sept - Dec 05
Jan - Apr 06
May - Aug 06
Sept - Dec 06
Jan - Apr 07
May - Aug 07
Sept - Dec 07
Jan - Apr 08