westkelowna CONDO |AUGUST2023
TOTAL LISTINGS ▲ 54% VS 202
MONTHS OF INVENTORY 7.9 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 22% VS 202
▼ 12% VS 202
▼ 47% VS 202
Therewere71condolistingsin W estKelownain August, 4% higherthan Julyand 54% aboveAugust2022.
Augustcondosalesdecreased by55% m onth-over-m onth, to9,and were47% below August2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere7.9m onthsofinventoryforcondosin August, reflecting balanced m arketconditions.
$426,599 $430,000 7.9 9 71
20 68
-15% -12% 132% -55% 4%
17 46
-22% -12% 191% -47% 54%
$504,520 $490,000 3.4
$545,224 $490,000 2.7
Thecondom edian pricein Augustwas$430,000,a12% decreasefrom Julyand 12% below August2022.
Theaveragesold pricein Augustwas$426,599forcondos, a15% decreasefrom lastm onth and 22% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
79
82
71
71
70
47
68
64
43
55
47
46
44
40
35
37
22
21
20 20
17
12 10
10 11
9
9
4 6
$490,000 $505,250
$448,000 $430,000
$397,500 $428,750 $415,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
6.5
6.0
25
20
3.6
15
3.0
10
2.0
1.4
0 5
<$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 6 6.0
2 13 6.5
8 29 3.6
7 10 1.4
1 3 3.0
1 2 2.0
M onthsofInv. Inventory Sales
1
2
1
1
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