cityofkelowna TOWNHOME|AUGUST2023
TOTAL LISTINGS ▲ 14% VS 202
MONTHS OF INVENTORY 4.6 SEL ERS'MARKET
▶ MARKETSUMMARY Therewere232townhom elistingsin theCityofKelowna in August,3% higherthan Julyand 14% aboveAugust 2022. Augusttownhom esalesdecreased by11% m onth-over-m onth,to50,and were28% aboveAugust 2022.
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▲ 8% VS 202
▲ 28% VS 202
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.6m onthsofinventoryfortownhom esin August,reflecting selers'm arketconditions.
$720,220 $727,750 4.6 50 232
$724,739 $692,500 4.0 56 225
-0.6% 5.1% 15% -11% 3.1%
$691,151 $675,000 5.2 39 204
4% 8% -11% 28% 14%
Thetownhom em edian pricein Augustwas$727,750,a5% increasefrom Julyand 8% aboveAugust2022.
Theaveragesold pricein Augustwas$720,220for townhom es,a0.6% decreasefrom lastm onth and 4% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
225
232
200
204
202
202
200
48
192 186
45
164
155 151
146
37
84
63 56
50
44
40
39 39 41
31 32
22 25
$715,000 $698,150 $675,000 $727,750
$675,000 $640,000 $645,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
50
12.0
40
30
6.4 6.7
4.6
20
3.2
2.3
2.3
2.0 1.8
10
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 +
1 2 2.0
8 14 1.8
7 16 2.3
12 38 3.2
10 46 4.6
8 51 6.4
3 20 6.7
6 14 2.3
1 12 12.0
M onthsofInv. Inventory Sales
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