Kelowna Real Estate Statistics
September, October, November, December - 2011

September 2011 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market increased this month from a price perspective.  September 2011 average house price increased 10.2% from $470,138 to $517,864 throughout the month. Average house price is up 10.89% from the September 2010 average of $466,987.  The median however, held steady at $427,000 compared to last months $431,935.  The reason we are seeing such a large increase in the average this month is due to the luxury home market, that continues to due well.

The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of September was 1590 units over last month’s 1709 units.  How many SOLDS did we see?  September 2011 was a bit of an improvement over last year with 145 units.  Average number of residential unit sales for the month of September is 210 units (average over the past 10 years) – so we are low compared to an average September.  Days on market held steady with 88 days year to date.  As a percentage 9.12% of all residential listings sold this past month.

October 2011 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market fell this month from a price perspective. October 2011 average house price decreased 10.5% from $517,864 to $463,503 throughout the month. Average house price is down9.11% from the October 2010 average of $509,933. The median decreased slightly to $417,500 compared to last months $427,000.

The number of Kelowna/Central Okanagan sellers has decreased. The number of total residential listings by end of October was 1481 units over last month’s 1590 units. How many SOLDS did we see? October 2011 was a bit of an improvement over last year with 148 units. Average number of residential unit sales for the month of October is 192 units (average over the past 10 years) – so we are low compared to an average October. Days on market increased to 97 days. As a percentage 8.44% of all residential listings sold this past month.

November 2011 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market fell this month from a price perspective. November 2011 average house price decreased 1.4% from $463,503 to $456,910 throughout the month. Average house price is up 4.77% from the November 2010 average of $436,103. The median increased slightly to $426,700 compared to last months $417,500.

The number of Kelowna/Central Okanagan sellers has decreased. The number of total residential listings by end of November was 1359 units over last month’s 1481 units. How many SOLDS did we see? November 2011 was a bit of an improvement over last year with 124 units. Average number of residential unit sales for the month of November is 168 units (average over the past 10 years) – so we are low compared to an average November. Days on market decreased slightly to 94 days. As a percentage 9.12% of all residential listings sold this past month.

December 2011 - Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market fell this month from a price perspective. December 2011 average house price increased 1.2% from $456,910 to $462,527 throughout the month. Average house price is down2.63% from the December 2010 average of $475,005. The median decreased slightly to $418,750 compared to last months $426,700.

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 1359 units. How many SOLDS did we see? December 2011 was a bit of an improvement over last year with 110 units. Average number of residential unit sales for the month of December is 120 units (average over the past 10 years) – so we are low compared to an average December. Days on market increased to 123 days. As a percentage 7.39% of all residential listings sold this past month.