westkelowna TOWNHOME|AUGUST2023
TOTAL LISTINGS ▼ 1% VS 202
MONTHS OF INVENTORY 5.0 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▼ 12.0% VS 202
▼ 6% VS 202
Therewere75townhom elistingsin W estKelownain August,4% higherthan Julyand 1.3% below August2022.
Augusttownhom esalesincreased by7% m onth-over-m onth,to15,and were6% below August 2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.0m onthsofinventoryfortownhom esin August,reflecting balanced m arketconditions.
15 75
14 72
7% 4%
16 76
-21% -12% 5% -6% -1.3%
$652,667 $595,000 5.0
$813,893 $784,000 5.1
-20% -24% -3%
$823,738 $676,000 4.8
Thetownhom em edian pricein Augustwas$595,000,a 24% decreasefrom Julyand 12% below August2022.
Theaveragesold pricein Augustwas$652,667for townhom es,a20% decreasefrom lastm onth and 21% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
82
86
76
75
58
72
72
70
68
60 61
53
49
37
41
29
25
33
16
16
15
13
14
10 12
8
6 5 5
$757,000 $787,500
$676,000 $680,000 $700,000 $655,000
$595,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
15
10.0
10
7.0
6.0
4.3
5
2.5
1.3 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 +
2 5 2.5
2 12 6.0
2 14 7.0
1 10 10.0
3 13 4.3
3 4 1.3
1 1 1.0
M onthsofInv. Inventory Sales
1
1
6
5
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.
●
15
Made with FlippingBook - professional solution for displaying marketing and sales documents online