September 2009 - Central Okanagan
and Kelowna Real Estate Statistics
The Kelowna real estate market
held steady this month from a price perspective. September
2009 average house price decreased 1% from $468,727
to $464,131 throughout the month. Average house
price is down 2.39% from the September 2008 average
of $475,481.
The number of Kelowna/Central
Okanagan sellers has decreased slightly. The
number of total units listed in September is down
7.89% to 1016 units over last year’s 1103
units. How many SOLDS did we see? An
increase compared to last year when the market
was on its way down – with 398 units sold
vs. the 264 units sold in September 2008. Days
on market decreased a bit to 107. Residential
Sell to Inventory Ratio increased to 13.09% .
October 2009 - Central Okanagan
and Kelowna Real Estate Statistics
The Kelowna real estate market
increased slightly this month from a price perspective. October
2009 average house price increased 2.5% from $464,131
to $475,910 throughout the month. Average house
price is up 2.96% from the October 2008 average
of $462,239.
The number of Kelowna/Central
Okanagan sellers has decreased. The number
of total units listed in October is down 14.02%
to 889 units over last year’s 1034 units. How
many SOLDS did we see? A huge increase compared
to last year when the market was on its way down – with
417 units sold vs. the 173 units sold in October
2008. Days on market decreased to 95. Residential
Sell to Inventory Ratio increased to 15.60% .
November 2009 - Central Okanagan and Kelowna Real Estate Statistics
The Kelowna real estate market decreased this month from a price perspective. November 2009 average house price decreased 5.2% from $475,910 to $451,311 throughout the month. Average house price is down 2.10% from the November 2008 average of $460,992.
The number of Kelowna/Central Okanagan sellers has decreased. The number of total units listed in November is down 13.43% to 651 units over last year’s 752 units. How many SOLDS did we see? A huge increase compared to last year when the market was on its way down – with 303 units sold vs. the 150 units sold in November 2008. Days on market increased to 112. Residential Sell to Inventory Ratio decreased to 10.93% .
December 2009 - Central Okanagan and Kelowna Real Estate Statistics
The Kelowna real estate market increased this month from a price perspective. December 2009 average house price increased 4% from $451,311 to $469,514 throughout the month. Average house price is down 3.49% from the December 2008 average of $486,379.
The number of Kelowna/Central Okanagan sellers has decreased. The number of total units listed in December is down 21.17% to 525 units over last year’s 666 units. How many SOLDS did we see? A huge increase compared to last year when the market was on its way down – with 241 units sold vs. the 121 units sold in December 2008. Days on market was 103 days. Residential Sell to Inventory Ratio decreased to 10.30%.
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