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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