downtown kelowna TOWNHOME|AUGUST2023
TOTAL LISTINGS ▲ 70% VS 202
MONTHS OF INVENTORY 12.5 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▲ 16% VS 202
▲ 0% VS 202
Therewere75townhom elistingsin D owntown Kelownain August,9% higherthan Julyand 70% aboveAugust2022.
Augusttownhom esalesdecreased by14% m onth-over-m onth,to6,and wereaboutthesam eas August2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere12.5m onthsofinventoryfortownhom esin August,reflecting buyers'm arketconditions.
$965,650 $880,000 12.5 6 75
$826,286 $825,000 9.9 7 69
17% 7% 27% -14% 9%
$812,833 $757,500 7.3 6 44
19% 16% 71% 0% 70%
Thetownhom em edian pricein Augustwas$880,000,a7% increasefrom Julyand 16% aboveAugust2022.
Theaveragesold pricein Augustwas$965,650for townhom es,a17% increasefrom lastm onth and 19% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
75
69
49
49
53
53
52
49
46
47
44
37
33
31
33
25
18
9 7
5
6 7 6
6 8 4 4 4
5
$975,000
$880,000
$757,500
$760,000 $799,950
$651,500 $665,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
22.0
20
15
10.0
10
5
2.5
1.5
1.0
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 1 1.0
2 5 2.5
1 22 22.0
1 10 10.0
2 3 1.5
M onthsofInv. Inventory Sales
3
11
7
8
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof Septem ber19,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup of com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
12
Made with FlippingBook - professional solution for displaying marketing and sales documents online