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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