westkelowna DETACHED|AUGUST2023
TOTAL LISTINGS ▲ 4% VS 202
MONTHS OF INVENTORY 10.1 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 8% VS 202
▲ 7% VS 202
▼ 30% VS 202
Therewere304 detachedlistingsin W estKelownain August,aboutthesam easJulyand 4% aboveAugust2022.
Augustdetached hom esalesdecreased by52% m onth-over-m onth,to30,and were30% below August 2022.
THISMONTH No. $1,039,184 $940,000 10.1 30 304
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere10.1 m onthsofinventoryfordetached hom es in A ugust,reflecting buyers'm arketconditions.
$1,086,395 $905,000 4.9 62 304
107% -52% 0%
$960,747 $878,000 6.8 43 292
8% 7% 49% -30% 4%
Thedetachedm edian pricein Augustwas$940,000,a4% increasefrom Julyand 7% aboveAugust2022.
-4% 4%
Theaveragesold pricein Augustwas$1,039,184for detached hom es,a4% decreasefrom lastm onth and 8% abovelastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
292
284
297
304 304
270
261
44
44
253
43
230
226
187
178
172
68
63
62
47
48
43 37 33 34
30
24 22 30
$945,000
$940,000
$931,250 $896,000
$878,000
$865,500
$810,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
100
11.9
80
10.4
60
6.1
40
3.3
20
2.6
1.8 1.9
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 +
5 9 1.8
15 28 1.9
10 26 2.6
11 36 3.3
5 52 10.4
8 49 6.1
8 95 11.9
M onthsofInv. Inventory Sales
1
2
6
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