downtown kelowna DETACHED|AUGUST2023
TOTAL LISTINGS ▼ 7% VS 202
MONTHS OF INVENTORY 8.4 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 10% VS 202
▲ 5% VS 202
▲ 27% VS 202
Therewere117detachedlistingsin D owntown Kelownain August,5% lowerthan Julyand 7% below August2022.
Augustdetached hom esalesincreased by100% m onth-over-m onth,to14,and were27% aboveAugust 2022.
THISMONTH No. $1,205,311 $1,028,677 8.4 14 117
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere8.4m onthsofinventoryfordetached hom esin August,reflecting buyers'm arketconditions.
$1,065,571 $929,000 17.6 7 123
-52% 100% -5%
$1,092,800 $980,000 11.5 11 126
10% 5% -27% 27% -7%
Thedetachedm edian pricein Augustwas$1,028,677,a 11% increasefrom Julyand 5% aboveAugust2022.
13% 11%
Theaveragesold pricein Augustwas$1,205,311for detached hom es,a13% increasefrom lastm onth and 10% abovelastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
126
123
117
118
117
112 113
57
102
96
91
82
75 79
36
24
16
17
13
14
14
27
10
11
11 12
7 4
7
$1,037,500 $1,028,677
$980,000
$906,000
$890,000
$880,000 $825,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
40
29.0
30
20
10
5.0
2.3
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 +
2 10 5.0
3 7 2.3
1 29 29.0
M onthsofInv. Inventory Sales
2
1
4
6
36
28
1
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