downtown kelowna DETACHED |JULY2023
TOTAL LISTINGS ▼ 18% VS 202
MONTHS OF INVENTORY 17.6 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 9% VS 202
▼ 20% VS 202
▲ 17% VS 202
Therewere123detachedlistingsin D owntown Kelownain July,9% higherthan Juneand 18% below July2022.
July detached hom esalesdecreased by 71% m onth-over-m onth,to7,and were17% aboveJuly2022.
THISMONTH No. $1,065,571 $929,000 17.6 7 123
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere17.6 m onthsofinventoryfordetached hom es in July,reflecting buyers'm arketconditions.
$1,278,188 $1,037,500 4.7 24 113
-17% -10% 273% -71% 9%
$1,171,667 $1,157,500 25.0 6 150
-9% -20% -30% 17% -18%
Thedetachedm edian pricein Julywas$929,000,a10% decreasefrom Juneand 20% below July2022.
Theaveragesold pricein Julywas$1,065,571 fordetached hom es,a17% decreasefrom lastm onth and 9% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
150
57
126
123
117
118
112 113
102
96
91
82
75 79
38
24
17
16 13
27
10
11 14
7 4
7
6 11 12
$1,170,000
$1,157,500 $1,107,500
$1,050,000
$980,000
$945,000
$929,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
40
29.0
30
20
10
5.0
2.3
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 +
2 10 5.0
3 7 2.3
1 29 29.0
M onthsofInv. Inventory Sales
2
1
4
6
36
28
1
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