September 2002 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. September 2002 average house prices went from $200,585 to $216,342 throughout the month. There was an increase from the September 2001 average of $192,869 which brings us up to a 12.17% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased this month. The number of units listed in September is down 6.0% to 598 units over last year’s 636 units. How many SOLDS did we see? Kelowna buyers were busy as 395 units sold this year vs. the 318 units sold last year. Days on market held steady at 82 days.

October 2002 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. October 2002 average house prices went from $216,342 to $206,508 throughout the month. There was an increase from the October 2001 average of $192,281 which brings us up to a 7.39% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased this month. The number of units listed in October is up 2.2% to 649 units over last year’s 635 units. How many SOLDS did we see? Kelowna buyers were busy as 428 units sold this year vs. the 339 units sold last year. Days on market held steady at 82 days.

November 2002 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. November 2002 average house prices went from $206,508 to $212,703 throughout the month. There was an increase from the November 2001 average of $188,025 which brings us up to a 13.12% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased this month. The number of units listed in November is down 6.5% to 476 units over last year’s 509 units. How many SOLDS did we see? Kelowna buyers were still busy as 329 units sold this year vs. the 280 units sold last year. Days on market increased a bit to 87 days.

December 2002 - Central Okanagan Statistics

The Kelowna real estate market is on the rise. December 2002 average house prices went from $212,703 to $219,797 throughout the month. There was an increase from the December 2001 average of $200,336 which brings us up to a 9.71% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased this month. The number of units listed in December is way up 33.0% to 383 units over last year’s 288 units. How many SOLDS did we see? Kelowna buyers held steady as 235 units sold this year vs. the 230 units sold last year. Days on market stayed at 87 days.