September 2004 - Central Okanagan Statistics

The Kelowna real estate market dropped a bit this month. September 2004 average house prices went from $299,943 to $296,437 throughout the month. There was a significant increase from the September 2003 average of $236,183 which brings us up to a 25.51% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased. The number of units listed in September is up 43.5% to 795 units over last year’s 554 units. How many SOLDS did we see? Kelowna buyers are busy as we saw an increase to 456 units sold this year vs. the 419 units sold last year. Days on market held steady at 65 days.

October 2004 - Central Okanagan Statistics

The Kelowna real estate market dropped again this month. October 2004 average house prices went from $296,437 to $291,213 throughout the month. There was a significant increase from the October 2003 average of $264,266 which brings us up to a 10.19% 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 7.5% to 569 units over last year’s 615 units. How many SOLDS did we see? Kelowna buyers are not happy with the price increases as we saw a big decrease to 349 units sold this year vs. the 430 units sold last year. Days on market went up to 78 days.

November 2004 - Central Okanagan Statistics

The Kelowna real estate market turned around this month. November 2004 average house prices went from $291,213 to $298,803 throughout the month. There was a significant increase from the November 2003 average of $244,675 which brings us up to a 22.12% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased this month. The number of units listed in November is up 37.9% to 644 units over last year’s 467 units. How many SOLDS did we see? Kelowna buyers are accepting the price increases as we saw a bit if an increase to 397 units sold this year vs. the 362 units sold last year. Days on market held steady at 78 days.

December 2004 - Central Okanagan Statistics

The Kelowna real estate market dropped back down this month. December 2004 average house prices went from $298,803 to $287,351 throughout the month. There was a significant increase from the December 2003 average of $262,085 which brings us up to a 9.64% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased this month as expected with the holiday season upon us. The number of units listed in December is down 5.8% to 375 units over last year’s 398 units. How many SOLDS did we see? Kelowna buyers are behaving as expected with 285 units sold this year vs. the 283 units sold last year. Days on market held steady at 78 days.