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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