January 2009 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market decreased this month from a price perspective.  January 2009 average house prices dropped 15.5% from $486,910 to $411,591 throughout the month. Average price is down 14.99% from the January 2008 average of $484,144. 

The number of Kelowna/Central Okanagan sellers has increased quite a bit.  The number of units listed in January is down 8.99% to 881 units over last year’s 968 units.  How many SOLDS did we see?  A big decrease compared to last year – with 114 units sold vs. the 322 units sold in January 2008.  Total Active Listings as of the end of January 2009 – 4648 vs. January 2008 of 3128 – an increase in active listings of 48.59%!  Days on market increased to 104.  Residential Sell to Inventory Ratio – 3.65%.

February 2009 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market increased this month from a price perspective.  February 2009 average house price increased 8.8% from $411,491 to $447,819 throughout the month. Average price is down 9.83% from the February 2008 average of $496,621. 

The number of Kelowna/Central Okanagan sellers has decreased quite a bit.  The number of units listed in February is down 18.61% to 888 units over last year’s 1091 units.  How many SOLDS did we see?  A big decrease compared to last year – with 162 units sold vs. the 423 units sold in February 2008.  Total Active Listings as of the end of February 2009 4848 vs. February 2008 of 3456 – an increase in active listings of 40.28%!  Days on market held steady at 104.  Residential Sell to Inventory Ratio – 5.51%.


March 2009 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market decreased slightly this month from a price perspective.  March 2009 average house price decreased 2.1% from $447,819 to $438,493 throughout the month. Average price is down 19% from the March 2008 average of $542,237. 

The number of Kelowna/Central Okanagan sellers has decreased quite a bit.  The number of units listed in March is down 14.96% to 1069 units over last year’s 1257 units.  How many SOLDS did we see?  A big decrease compared to last year – with 248 units sold vs. the 458 units sold in March 2008.  However, we did see an increase in the number of units sold compared to last months solds of 162.  Total Active Listings as of the end of March 2009 5128 vs. March 2008 of 3935 – an increase in active listings of 30.32%!  Days on market held steady at 100.  Residential Sell to Inventory Ratio increased to – 8.13%.


April 2009 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market is holding steady this month from a price perspective.  April 2009 average house price increased 2.9% from $438,493 to $451,109 throughout the month. Average price is down 18.36% from the April 2008 average of $552,526. 

The number of Kelowna/Central Okanagan sellers has decreased quite a bit.  The number of units listed in April is down 12.04% to 1169 units over last year’s 1329 units.  How many SOLDS did we see?  A big decrease compared to last year – with 318 units sold vs. the 475 units sold in April 2008.  However, we did see an increase in the number of units sold compared to last months solds of 248.  Total Active Listings as of the end of April 2009 5305 vs. April 2008 of 4311 – an increase in active listings of 23.06%!  Days on market increased slightly to 103.  Residential Sell to Inventory Ratio increased to – 9.21%.