January 2012 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market fell this month from a price perspective.  January 2012 average house price decreased 10.2% from $462,527 to $415,358 throughout the month. Average house price is down5.02% from the January 2010 average of $437,328.  The median decreased slightly to $403,600 compared to last months $418,750.

The number of Kelowna/Central Okanagan sellers has started to increase.  The number of total residential listings by end of January was 1261 units over last month’s 1109 units.  How many SOLDS did we see?  January 2012 was a bit of an improvement over last year with 113 units.  Average number of residential unit sales for the month of January is 148 units (average over the past 10 years) – so we are low compared to an average January.  Days on market decreased to 102 days.  As a percentage 8.09% of all residential listings sold this past month.

February 2012 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market increased this month from a price perspective.  February 2012 average house price increased 5.3% from $415,358 to $437,267 throughout the month. Average house price is dwn 1.55% from the February 2010 average of $444,134.  The median held steady at $404,950 comparedto last months $403,600.

The number of Kelowna/Central Okanagan sellers has started to increase.  The number of total residential listings by end of February was 1351 units over last month’s 1261 units.  How many SOLDS did we see?  February 2012 was a bit of an improvement over last year with 147 units.  Average number of residential unit sales for the month of February is 174 units (average over the past 10 years) – so we are low compared to an average February (it’s still a buyer’s market).  Days on market decreased to 91 days.  As a percentage 9.62% of all residential listings sold this past month.

March 2012 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market increased this month from a price perspective.  March 2012 average house price increased 4.4% from $437,267 to $456,568 throughout the month. Average house price is down 7.28% from the March 2011 average of $492,398.  The median increased to $415,000 compared to last months $404,950.

The number of Kelowna/Central Okanagan sellers has started to increase.  The number of total residential listings by end of March was 1492 units over last month’s 1351 units.  How many SOLDS did we see?  March 2012 was a bit slower than last year with 179 units.  Average number of residential unit sales for the month of March is 254 units (average over the past 10 years) – so we are low compared to an average March (it’s still a buyer’s market).  Days on market held steady at 92 days.  As a percentage 11.19% of all residential listings sold this past month.

April 2012 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market increased this month from a price perspective.  April 2012 average house price increased 5.6% from $456,568 to $482,093 throughout the month. Average house price is up 0.21% from the April 2011 average of $481,077.  The median increased to $435,000 compared to last months $415,000.

The number of Kelowna/Central Okanagan sellers has started to increase.  The number of total residential listings by end of April was 1579 units over last month’s 1492 units.  How many SOLDS did we see?  April 2012 was much better than last year with 197 units.  Average number of residential unit sales for the month of April is 264 units (average over the past 10 years) – so we are low compared to an average April (it’s still a buyer’s market).  Days on market held steady at 90 days.  As a percentage 11.34% of all residential listings sold this past month.