September 2003 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. September 2003 average house prices went from $245,441 to $236,183 throughout the month. There was an increase from the September 2002 average of $216,342 which brings us up to a 9.17% 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 6.72% to 555 units over last year’s 595 units. How many SOLDS did we see? Kelowna buyers backed off a bit as 396 units sold this year vs. the 408 units sold last year. Days on market held steady at 125 days.

October 2003 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. October 2003 average house prices went from $236,411 to $264,266 throughout the month. There was a significant increase from the October 2002 average of $206,508 which brings us up to a 27.96% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased this month. The number of units listed in October is down 7.52% to 615 units over last year’s 665 units. How many SOLDS did we see? Kelowna buyers backed off a bit as 392 units sold this year vs. the 411 units sold last year. Days on market held steady at 125 days.

November 2003 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. November 2003 average house prices went from $264,266 to $244,675 throughout the month. There was a significant increase from the November 2002 average of $212,703 which brings us up to a 15.03% 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 3.5% to 468 units over last year’s 485 units. How many SOLDS did we see? Kelowna buyers backed off a bit as 310 units sold this year vs. the 340 units sold last year. Days on market dropped to 86 days.

December 2003 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. December 2003 average house prices went from $244,675 to $262,085 throughout the month. There was a significant increase from the December 2002 average of $219,797 which brings us up to a 19.23% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers finally increased this month. The number of units listed in December is up 2.3% to 399 units over last year’s 390 units. How many SOLDS did we see? Kelowna buyers are back as 281 units sold this year vs. the 223 units sold last year. Days on market dropped again to 82 days.