September 2005 - Central Okanagan Statistics

The Kelowna real estate market had a huge leap this month. September 2005 average house prices went from $329,287 to $342,020 throughout the month. There was a significant increase from the September 2004 average of $296,437 which brings us up to a 15.37% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased a bit. The number of units listed in September is up 6.1% to 852 units over last year’s 803 units. How many SOLDS did we see? Kelowna buyers were back in full force this month with 584 units sold this year vs. the 467 units sold last year. Days on market is holding steady at 78 days.

October 2005 - Central Okanagan Statistics

The Kelowna real estate market starts to fluctuate. October 2005 average house prices went from $342,020 to $338,550 throughout the month. There was a significant increase from the October 2004 average of $291,213 which brings us up to a 16.25% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers increased. The number of units listed in October is up 20.5% to 675 units over last year’s 560 units. How many SOLDS did we see? Kelowna buyers were back in full force this month again with 405 units sold this year vs. the 356 units sold last year. Days on market is holding steady at 78 days.

November 2005 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. November 2005 average house prices went from $338,550 to $349,184 throughout the month. There was a significant increase from the November 2004 average of $298,803 which brings us up to a 16.86% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased. The number of units listed in November is down 10.8% to 569 units over last year’s 638 units. How many SOLDS did we see? Kelowna buyers were back in full force this month again with 447 units sold this year vs. the 393 units sold last year. Days on market is holding steady at 78 days.

December 2005 - Central Okanagan Statistics

The Kelowna real estate market increases for the second month in a row. December 2005 average house prices went from $349,184 to $355,380 throughout the month. There was a significant increase from the December 2004 average of $287,351 which brings us up to a 23.67% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers decreased. The number of units listed in December is down 10.9% to 336 units over last year’s 377 units. How many SOLDS did we see? Kelowna buyers finally backed off a bit with only 302 units sold this year vs. the 340 units sold last year. Days on market is holding steady at 78 days.