May 2004
- Central Okanagan Statistics
The Kelowna real estate market is still showing
a steady climb. May 2004 average house prices
went from $276,471 to $296,471 throughout the
month. There was a significant increase from
the May 2003 average of $222,215 which brings
us up to a 33.42% overall increase from the
past year.
The number of Kelowna/Central Okanagan sellers
increased as they are taking advantage of the
increase in prices. The number of units listed
in May is up a whopping 28.5% to 866 units over
last year’s 674 units. How many SOLDS
did we see? Kelowna buyers were busy too with
500 units sold this year vs. the 455 units sold
last year. Days on market held steady at 65
days.
June 2004 - Central Okanagan Statistics
The Kelowna real estate market corrected a
bit this month. June 2004 average house prices
went from $296,471 to $283,131 throughout the
month. There was a significant increase from
the June 2003 average of $239,316 which brings
us up to a 18.31% overall increase from the
past year.
The number of Kelowna/Central Okanagan sellers
increased as they are taking advantage of the
increase in prices. The number of units listed
in June is up a whopping 46.0% to 965 units
over last year’s 661 units. How many SOLDS
did we see? Kelowna buyers were busy too with
537 units sold this year vs. the 476 units sold
last year. Days on market held steady at 65
days.
July 2004 - Central Okanagan Statistics
The Kelowna real estate market back on the
up side. July 2004 average house prices went
from $283,131 to $287,970 throughout the month.
There was a significant increase from the July
2003 average of $234,124 which brings us up
to a 22.99% overall increase from the past year.
The number of Kelowna/Central Okanagan sellers
increased as they are still taking advantage
of the increase in prices. The number of units
listed in July is up 34.8% to 919 units over
last year’s 682 units. How many SOLDS
did we see? Kelowna buyers must be adjusting
to the increase in prices because there was
drop to 461 units sold this year vs. the 522
units sold last year. Days on market held steady
at 65 days.
August 2004 - Central Okanagan Statistics
The Kelowna real estate market rises again
this month. August 2004 average house prices
went from $287,970 to $299,943 throughout the
month. There was a significant increase from
the August 2003 average of $245,441 which brings
us up to a 22.21% overall increase from the
past year.
The number of Kelowna/Central Okanagan sellers
increased as they are taking advantage of the
increase in prices. The number of units listed
in August is up 51.7% to 813 units over last
year’s 536 units. How many SOLDS did we
see? Kelowna buyers are back from vacation and
we saw an increase to 463 units sold this year
vs. the 419 units sold last year. Days on market
held steady at 65 days.
Click here to view September, October, November
& December 2004 real estate statistics
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