September 2006 - Central Okanagan Statistics

The Kelowna real estate market dropped back a little this month. September 2006 average house prices dropped 1.19% from $424,270 to $419,242 throughout the month. However there is a significant increase from the September 2005 average of $342,020 which brings us up to a 22.58% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers also dropped a bit. The number of units listed in September is down 11% to 809 units over last year’s 909 units. How many SOLDS did we see? Kelowna buyers were busy with back to school with 443 units sold this year vs. the 637 units sold last year. Days on market increased to 112 days.

October 2006 - Central Okanagan Statistics

The Kelowna real estate market starts to fluctuate. October 2006 average house prices increased 1% from $419,242 to $423,488 throughout the month. However there is a significant increase from the October 2005 average of $338,550 which brings us up to a 25.09% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers has also been on the rise. The number of units listed in October is up 26.3% to 854 units over last year’s 676 units. How many SOLDS did we see? Kelowna buyers were about the same as last November 2005 with 406 units sold this year vs. the 407 units sold last year. Days on market increased to 121 days.

November 2006 - Central Okanagan Statistics

The Kelowna real estate market continues to fluctuate. November 2006 average house prices fell 1.77% from $423,488 to $415,996 throughout the month. However there is a significant increase from the November 2005 average of $349,184 which brings us up to a 19.13% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers has also been on the rise. The number of units listed in November is up 31.1% to 747 units over last year’s 570 units. How many SOLDS did we see? Again Kelowna buyers were busy elsewhere with 341 units sold vs. the 450 units sold in November 2005. Days on market decreased to 92 days.

December 2006 - Central Okanagan Statistics

The Kelowna real estate market had a good holiday month. December 2006 average house prices increased 2.2% from $415,996 to $425,263 throughout the month. This is a significant increase from the December 2005 average of $355,380 which brings us up to a 19.66% overall increase from the past year.

The number of Kelowna/Central Okanagan sellers didn’t move too much. The number of units listed in December is up 1.5% to 341 units over last year’s 336 units. How many SOLDS did we see? A bit of a drop with 228 units sold vs. the 299 units sold in December 2005. Days on market increased to 123 days.