cityofkelowna DETACHED|AUGUST2023
TOTAL LISTINGS ▲ 4% VS 202
MONTHS OF INVENTORY 7.1 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 3% VS 202
▲ 7% VS 202
▲ 8% VS 202
Therewere778 detachedlistingsin theCityofKelownain August,3% lowerthan Julyand 4% aboveAugust2022.
Augustdetached hom esalesincreased by5% m onth-over-m onth,to109,and were8% aboveAugust 2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere7.1m onthsofinventoryfordetached hom esin August,reflecting balanced m arketconditions.
109 778
104 804
-2% 4% -8% 5% -3%
101 750
3% 7% -4% 8% 3.7%
$1,176,914 $1,032,354 7.1
$1,205,753 $995,000 7.7
$1,137,519 $968,000 7.4
Thedetachedm edian pricein Augustwas$1,032,354,a4% increasefrom Julyand 7% aboveAugust2022.
Theaveragesold pricein Augustwas$1,176,914for detached hom es,a2% decreasefrom lastm onth and 3% abovelastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
804
778
757
750
749
715
45
671
642
610
591
42
552
508 514
39
155
143
121
111
109
104
101 90 82 80
73
53 38
$1,075,000 $1,032,354
$1,042,500
$982,500 $990,000
$968,000
$880,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
300
14.0
250
11.5
200
9.8
150
100
3.5 3.9 3.5
2.8
0 50
2.0
<$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 +
3 6 2.0
4 14 3.5
9 35 3.9
17 59 3.5
19 54 2.8
16 156 9.8
14 161 11.5
22 309 14.0
M onthsofInv. Inventory Sales
4
2
4
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