May 2005 - Central
Okanagan Statistics
The Kelowna real estate market had another big jump
this month. May 2005 average house prices went from
$320,950 to $347,713 throughout the month. There is
also a significant increase from the May 2004 average
of $296,471 which brings us up to a 17.28% overall
increase from the past year.
The number of Kelowna/Central Okanagan sellers decreased
a bit. The number of units listed in May is down 3.7%
to 835 units over last year’s 867 units. How
many SOLDS did we see? Kelowna buyers were back on
track this month with 557 units sold this year vs.
the 502 units sold last year. Days on market is holding
steady at 78 days.
June 2005 - Central Okanagan Statistics
The Kelowna real estate market corrected a bit this
month. June 2005 average house prices went from $347,713
to $334,084 throughout the month. There was a significant
increase from the June 2004 average of $284,131 which
brings us up to a 17.58% overall increase from the
past year.
The number of Kelowna/Central Okanagan sellers decreased
a bit. The number of units listed in June is down
10.3% to 857 units over last year’s 955 units.
How many SOLDS did we see? Kelowna buyers were back
on track this month with 586 units sold this year
vs. the 546 units sold last year. Days on market is
holding steady at 78 days.
July 2005 - Central Okanagan Statistics
The Kelowna real estate market is on a downward slide.
July 2005 average house prices went from $334,084
to $332,745 throughout the month. There was a significant
increase from the July 2004 average of $287,970 which
brings us up to a 15.54% overall increase from the
past year.
The number of Kelowna/Central Okanagan sellers decreased
a bit. The number of units listed in July is down
21.1% to 720 units over last year’s 913 units.
How many SOLDS did we see? Kelowna buyers were back
on track this month with 521 units sold this year
vs. the 466 units sold last year. Days on market is
holding steady at 78 days.
August 2005 - Central Okanagan Statistics
The Kelowna real estate market continues to drop.
August 2005 average house prices went from $332,745
to $329,287 throughout the month. There was a significant
increase from the August 2004 average of $299,943
which brings us up to a 9.78% overall increase from
the past year.
The number of Kelowna/Central Okanagan sellers decreased
a bit. The number of units listed in August is down
7.6% to 750 units over last year’s 812 units.
How many SOLDS did we see? Kelowna buyers were back
in full force this month with 631 units sold this
year vs. the 470 units sold last year. Days on market
is holding steady at 78 days.
Click here to view September, October, November &
December 2005 real estate statistics
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