May 2009 - Central Okanagan and
Kelowna Real Estate Statistics
The Kelowna real estate market
is holding steady this month from a price perspective. May
2009 average house price decreased 0.3% from $451,109
to $449,867 throughout the month. Average price
is down 15.30% from the May 2008 average of $531,150.
The number of Kelowna/Central
Okanagan sellers has decreased quite a bit. The
number of units listed in May is down 16.69% to
1208 units over last year’s 1450 units. How
many SOLDS did we see? A decrease compared
to last year – with 381 units sold vs. the
425 units sold in May 2008. However, we did
see an increase in the number of units sold compared
to last months solds of 306. Days on market
decreased slightly to 95. Residential
Sell to Inventory Ratio increased to 11.11%.
June 2009 - Central Okanagan
and Kelowna Real Estate Statistics
The Kelowna real estate market
is holding steady this month from a price perspective. June
2009 average house price increased 1% from $449,867
to $454,391 throughout the month. Average price
is down 10.63% from the June 2008 average of $508,461.
The number of Kelowna/Central
Okanagan sellers has decreased quite a bit. The
number of units listed in June is down 21.04% to
1122 units over last year’s 1421 units. How
many SOLDS did we see? An increase compared
to last year when the market was on its way down – with
438 units sold vs. the 356 units sold in June 2008. Days
on market decreased slightly to 89. Residential
Sell to Inventory Ratio increased to 12.75%.
July 2009 - Central Okanagan
and Kelowna Real Estate Statistics
The Kelowna real estate market
is increased this month from a price perspective. July
2009 average house price increased 6.3% from $454,391
to $483,183 throughout the month. Average house
price is down 3.92% from the July 2008 average
of $502,887.
(Please Note: There were 2 sales
over $4 million that contributed to this increase)
The number of Kelowna/Central
Okanagan sellers has decreased quite a bit. The
number of total units listed in July is down 22.82%
to 1096 units over last year’s 1420 units. How
many SOLDS did we see? An increase compared
to last year when the market was on its way down – with
468 units sold vs. the 332 units sold in July 2008. Days
on market increased quite a bit to 107. Residential
Sell to Inventory Ratio increased to 13.70% .
August 2009 - Central Okanagan and Kelowna Real Estate Statistics
The Kelowna real estate market decreased this month from a price perspective. August 2009 average house price decreased 3% from $483,183 to $468,727 throughout the month. Average house price is down 6.02% from the August 2008 average of $498,738.
The number of Kelowna/Central Okanagan sellers has decreased quite a bit. The number of total units listed in August is down 21.85% to 880 units over last year’s 1126 units. How many SOLDS did we see? An increase compared to last year when the market was on its way down – with 380 units sold vs. the 274 units sold in August 2008. Days on market decreased a bit to 102. Residential Sell to Inventory Ratio decreased to 10.33% .
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