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.
|