September 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market decreased this month from a price perspective.  September 2010 average house price decreased 6.2% from $497,077 to $466,382 throughout the month. Average house price is down 0.27% from the September 2009 average of $467,655.  Year to date Residential Average is $488,822 up from this time in 2009 when it was $455,184.
 
The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of September was 1666 units over last month’s 1743 units.  How many SOLDS did we see?  Unfortunately September 2010 is the slowest September since sometime before 1996 with only 128 units sold vs. the 219 units sold in September 2009.  Average number of residential unit sales for the month of September is 218 units (average over past 10 years) – so we are very low compared to an average September.  Days on market decreased to 76 days year to date.  As a percentage only 7.02% of all residential listings sold this past month.

October 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market increased this month from a price perspective.  October 2010 average house price increased 6.5% from $466,382 to $496,759 throughout the month (due to 3 homes selling over $1.5 million). Average house price is up 4.83% from the October 2009 average of $473,858.  Year to date Residential Average is $485,798 up from this time in 2009 when it was $457,673.
 
The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of October was 1483 units over last month’s 1666 units.  How many SOLDS did we see?  Unfortunately October 2010 is the slowest October since sometime before 1996 with only 132 units sold vs. the 252 units sold in October 2009.  Average number of residential unit sales for the month of October is 198 units (average over past 10 years) – so we are low compared to an average October.  Days on market stead the same at to 77 days year to date.  As a percentage only 8.9% of all residential listings sold this past month.

November 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market decreased this month from a price perspective.  November 2010 average house price decreased 11.4% from $496,759 to $440,123 throughout the month. Average house price is down 2.73% from the November 2009 average of $452,464.  Year to date Residential Average is $482,761 up from this time in 2009 when it was $457,242.
 
The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of November was 1340 units over last month’s 1483 units.  How many SOLDS did we see?  Unfortunately November 2010 was still a slow month with only 104 units sold vs. the 137 units sold in November 2009.  Average number of residential unit sales for the month of November is 174 units (average over past 10 years) – so we are low compared to an average November.  Days on market increased to 103 days year to date.  As a percentage only 7.76% of all residential listings sold this past month.

December 2010 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market increased this month from a price perspective.  December 2010 average house price increased 5.1% from $440,123 to $462,527 throughout the month. Average house price is down 2.63% from the December 2009 average of $475,005.  Year to date Residential Average is $481,405 up from this time in 2009 when it was $458,304.
 
The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of December was 1109 units over last month’s 1340 units.  How many SOLDS did we see?  Unfortunately December 2010 was still a slow month with only 82 units sold vs. the 131 units sold in December 2009.  Average number of residential unit sales for the month of December is 124 units (average over past 10 years) – so we are low compared to an average December.  Days on market increased to 105 days year to date.  As a percentage only 7.39% of all residential listings sold this past month.