centralokanagan CONDO |AUGUST2023
TOTAL LISTINGS ▲ 2% VS 202
MONTHS OF INVENTORY 5.1 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 28% VS 202
▼ 8% VS 202
▼ 21% VS 202
Therewere511 condolistingsin theCentralO kanagan in August,4% lowerthan Julyand 2% aboveAugust2022.
Augustcondosalesdecreased by19% m onth-over-m onth, to100,and were21% below August2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.1m onthsofinventoryforcondosin August, reflecting balanced m arketconditions.
100 511
124 531
-1.9% -4% 19% -19% -4%
126 499
-28% -8% 29% -21% 2%
$493,395 $447,950 5.1
$502,793 $467,500 4.3
$682,653 $488,500 4.0
Thecondom edian pricein Augustwas$447,950,a4% decreasefrom Julyand 8% below August2022.
Theaveragesold pricein Augustwas$493,395forcondos, a1.9% decreasefrom lastm onth and 28% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
497
511
496
503 531
499
487
468
479
462
50
446
428
46
373
40
143
141
130
134
126
124
100
101 94
74
72
47 52
$488,500 $470,000 $471,675
$433,750 $449,375 $465,000 $447,950
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
120
38.0
100
80
60
40
11.7
9.0
8.5
6.5
6.0
0 20
2.9 3.7 2.7 2.7
<$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 9 9.0
12 35 2.9
18 67 3.7
41 112 2.7
30 82 2.7
10 60 6.0
4 34 8.5
4 26 6.5
3 35 11.7
1 38 38.0
M onthsofInv. Inventory Sales
19
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