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You Are Here:  Home / Local Info. / Kelowna Market Watch / May - June 2007

 
 

Kelowna Real Estate Statistics
May, June, July, August - 2007


     
           

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


Kelowna Real Estate Market Watch Index
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