January 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market increased this month from a price perspective.  January 2010 average house price increased 3.1% from $469,514 to $484,065 throughout the month.  Average house price is up 17.61% from the January 2009 average of $411,591.

The number of Kelowna/Central Okanagan sellers has increased.  The number of total units listed in January is up 15.50% to 1021 units over last year’s 884 units.  How many SOLDS did we see?  A huge increase compared to last year when the market was way down – with 252 units sold vs. the 113 units sold in January 2009.  Days on market was 120 days.  Residential Sell to Inventory Ratio held steady at 10.60%.

February 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market decreased this month from a price perspective.  February 2010 average house price decreased 4.5% from $484,065 to $462,456 throughout the month. Average house price is up 3.27% from the February 2009 average of $447,819.

The number of Kelowna/Central Okanagan sellers has increased.  The number of total units listed in February is up 23.65% to 1098 units over last year’s 888 units.  How many SOLDS did we see?  A huge increase compared to last year when the market was way down – with 289 units sold vs. the 162 units sold in February 2009.  Days on market was 111 days.  Residential Sell to Inventory Ratio held steady at 9.34%.

March 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna real estate market held steady this month from a price perspective.  March 2010 average house price decreased slightly 0.4% from $462,456 to $460,417 throughout the month. Average house price is up 4.91% from the March 2009 average of $438,866.

The number of Kelowna/Central Okanagan sellers has increased.  The number of total units listed in March is up 27.29% to 1362 units over last year’s 1070 units.  How many SOLDS did we see?  A huge increase compared to last year when the market was way down – with 366 units sold vs. the 245 units sold in March 2009.  Days on market was 100 days.  As a percentage only 10.98% of all Residential listings sold this past month.

April 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market jumped up this month from a price perspective.  April 2010 average house price increased 9.1% from $460,417 to $502,523 throughout the month. Average house price is up 11.64% from the April 2009 average of $450,120.  Year to date Residential Average is $476,658 up from this time in 2009 when it was $441,381.

The number of Kelowna/Central Okanagan sellers has increased.  The number of total residential listings by end of April was 1758 units over last month’s 1567 units.  How many SOLDS did we see?  An increase compared to last month – with 237 units sold vs. the 195 units sold in March 2010.  Average number of residential unit sales for the month of April is 261 units – so a bit low compared to an average April.  Days on market increased to 108 days.  As a percentage only 11% of all residential listings sold this past month.