cityofkelowna CONDO |AUGUST2023
TOTAL LISTINGS ▼ 2% VS 202
MONTHS OF INVENTORY 4.5 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 5% VS 202
▼ 7% VS 202
▼ 11% VS 202
Therewere373condolistingsin theCityofKelownain August,2% lowerthan Julyand -2% below August2022.
Augustcondosalesdecreased by9% m onth-over-m onth,to 83,and were11% below August2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.5m onthsofinventoryforcondosin August, reflecting selers'm arketconditions.
$497,739 $446,900 4.5 83 373
$499,812 $455,000 4.2 91 381
-9% -2%
$523,729 $480,000 4.1 93 381
-5% -7% 10% -11% -2%
-0.4% -1.8% 7%
Thecondom edian pricein Augustwas$446,900,a2% decreasefrom Julyand 7% below August2022.
Theaveragesold pricein Augustwas$497,739forcondos, a0.4% decreasefrom lastm onth and 5% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
381
379
381
373
353
351
333
331
323 319
46
46
314
45
292
270
107
111
102 107
93
91
83
78 71
56
54
35 42
$480,000
$436,500 $475,000
$432,450 $454,500 $465,000 $446,900
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
28.0
60
40
14.0
9.0
7.0
20
6.0
5.5
3.8
2.1 2.7 2.2
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 7 7.0
10 21 2.1
15 41 2.7
31 69 2.2
16 60 3.8
8 48 6.0
3 27 9.0
4 22 5.5
2 28 14.0
1 28 28.0
M onthsofInv. Inventory Sales
16
13
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