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You Are Here:  Home / Local Info. / Kelowna Market Watch / May - Aug. 2003
 
 

Kelowna Real Estate Statistics
May, June, July, August - 2003


     
           

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


Kelowna Real Estate Market Watch Index
Jan - Apr 02
May - Aug 02
Sept - Dec 02
Jan - Apr 03
May - Aug 03
Sept - Dec 03
Jan - Apr 04
May - Aug 04
Sept - Dec 04
Jan - Apr 05
May - Aug 05
Sept - Dec 05
Jan - Apr 06
May - Aug 06
Sept - Dec 06
Jan - Apr 07
May - Aug 07
Sept - Dec 07
Jan - Apr 08