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.
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