May 2003
- Central Okanagan Statistics
The Kelowna real estate market saw a small
dip this month. May 2003 average house prices
went from $233,813 to $222,215 throughout the
month. There was an increase from the May 2002
average of $206,652 which brings us up to a
7.53% overall increase from the past year.
The number of Kelowna/Central Okanagan sellers
decreased this month. The number of units listed
in May is down 23.98% to 688 units over last
year’s 905 units. How many SOLDS did we
see? Kelowna buyers backed off a bit as 482
units sold this year vs. the 534 units sold
last year. Days on market held steady at 125
days.
June 2003 - Central Okanagan Statistics
The Kelowna real estate market is back on the
rise. June 2003 average house prices went from
$222,215 to $239,316 throughout the month. There
was an increase from the June 2002 average of
$210,550 which brings us up to a 13.66% overall
increase from the past year.
The number of Kelowna/Central Okanagan sellers
decreased this month. The number of units listed
in June is down 7.58% to 658 units over last
year’s 712 units. How many SOLDS did we
see? Kelowna buyers are back as 491 units sold
this year vs. the 441 units sold last year.
Days on market held steady at 125 days.
July 2003 - Central Okanagan Statistics
The Kelowna real estate market begins to fluctuate.
July 2003 average house prices went from $239,316
to $234,124 throughout the month. There was
an increase from the July 2002 average of $209,831
which brings us up to an 11.57% overall increase
from the past year.
The number of Kelowna/Central Okanagan sellers
decreased this month. The number of units listed
in July is down 8.43% to 684 units over last
year’s 747 units. How many SOLDS did we
see? Kelowna buyers are back as 520 units sold
this year vs. the 471 units sold last year.
Days on market held steady at 125 days.
August 2003 - Central Okanagan Statistics
The Kelowna real estate market is back on the
up side. August 2003 average house prices went
from $234,124 to $245,441 throughout the month.
There was a significant increase from the August
2002 average of $200,585 which brings us up
to a 22.36% overall increase from the past year.
The number of Kelowna/Central Okanagan sellers
decreased this month. The number of units listed
in August is down 19.76% to 532 units over last
year’s 663 units. How many SOLDS did we
see? There was an increase in Kelowna buyers
as 431 units sold this year vs. the 408 units
sold last year. Days on market held steady at
125 days.
Click here to view September, October, November
& December 2003 real estate statistics
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