May 2007 - Central
Okanagan Statistics
The Kelowna real estate market had another jump up.
May 2007 average house prices increased 3.6% from
$455,996 to $472,555 throughout the month. This is
a significant increase from the May 2006 average of
$395,700 which brings us up to a 19.42% overall increase
from the past year.
The number of Kelowna/Central Okanagan sellers has
also been on the rise. The number of units listed
in May is up 11.43% to 994 units over last year’s
892 units. How many SOLDS did we see? Again an increase
over last year – with 699 units sold over the
542 units sold in May 2006. Days on market held steady
at 67 days.
June 2007 - Central Okanagan Statistics
The Kelowna real estate market broke $500,000. June
2007 average house prices increased 6.8% from $472,555
to $504,912 throughout the month. This is a significant
increase from the June 2006 average of $414,418 which
brings us up to a 21.84% overall increase from the
past year.
The number of Kelowna/Central Okanagan sellers has
also been on the rise. The number of units listed
in June is up 12.86% to 992 units over last year’s
879 units. How many SOLDS did we see? Again an increase
over last year – with 647 units sold over the
509 units sold in June 2006. Days on market dropped
down to 66 days.
July 2007 - Central Okanagan Statistics
The Kelowna real estate market fell back into the
high $400,000 range. July 2007 average house prices
decreased 4.9% from $504,912 to $479,714 throughout
the month. However there is a significant increase
from the July 2006 average of $419,513 which brings
us up to a 14.35% overall increase from the past year.
The number of Kelowna/Central Okanagan sellers has
also been on the rise. The number of units listed
in July is up 25.76% to 996 units over last year’s
792 units. How many SOLDS did we see? Again an increase
over last year – with 552 units sold over the
521 units sold in July 2006. Days on market increased
by a day to 67 days.
August 2007 - Central Okanagan Statistics
The Kelowna real estate market fell back into the
high $400,000 range. August 2007 average house prices
increased 3.38% from $479,714 to $496,510 throughout
the month. There is also a significant increase from
the August 2006 average of $424,798 which brings us
up to a 16.88% overall increase from the past year.
The number of Kelowna/Central Okanagan sellers has
also been on the rise. The number of units listed
in August is up 14.98% to 875 units over last year’s
761 units. How many SOLDS did we see? Again an increase
over last year – with 594 units sold over the
515 units sold in August 2006. Days on market decreased
by a few days to 61 days.
Click
here to view September, October, November & December
2007 real estate statistics
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