cityofkelowna CONDO |JULY2023
TOTAL LISTINGS ▲ 7% VS 202
MONTHS OF INVENTORY 4.2 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 4% VS 202
▲ 1.4% VS 202
▲ 44% VS 202
Therewere380condolistingsin theCityofKelownain July,8% higherthan Juneand 7% aboveJuly2022.
Julycondosalesdecreased by18% m onth-over-m onth,to 91,and were44% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.2m onthsofinventoryforcondosin July, reflecting selers'm arketconditions.
$499,812 $455,000 4.2 91 380
111 353
2% -2% 31% -18% 8%
$519,655 $448,900 5.7 63 356
-4% 1.4% -26% 44% 7%
$490,000 $465,000 3.2
Thecondom edian pricein Julywas$455,000,a2% decreasefrom Juneand 1.4% aboveJuly2022.
Theaveragesold pricein Julywas$499,812 forcondos,a 2% increasefrom lastm onth and 4% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
381
379
380
356
353
351
333
331
323 319
46
314
292
43
270
35
107
102 107 111
93
91
78 71
63
56
54
35 42
$448,900 $471,500
$437,500 $460,000 $475,000 $455,000
$385,750
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
28.0
60
40
14.0
9.0
7.0
20
6.0
5.5
3.8
2.1 2.7 2.2
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 +
1 7 7.0
10 21 2.1
15 41 2.7
31 69 2.2
16 60 3.8
8 48 6.0
3 27 9.0
4 22 5.5
2 28 14.0
1 28 28.0
M onthsofInv. Inventory Sales
16
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