downtown kelowna TOWNHOME|JULY2023
TOTAL LISTINGS ▲ 71% VS 202
MONTHS OF INVENTORY 10.0 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▲ 17% VS 202
▼ 13% VS 202
Therewere70townhom elistingsin D owntown Kelownain July,32% higherthan Juneand 71% aboveJuly2022.
Julytownhom esalesincreased by17% m onth-over-m onth, to7,and were13% below July2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere10.0m onthsofinventoryfortownhom esin July,reflecting buyers'm arketconditions.
$826,286 $825,000 10.0 7 70
$856,150 $799,950 8.8 6 53
-3% 3% 13% 17% 32%
$773,600 $707,450 5.1 8 41
7% 17% 95% -13% 71%
Thetownhom em edian pricein Julywas$825,000,a3% increasefrom Juneand 17% aboveJuly2022.
Theaveragesold pricein Julywas$826,286for townhom es,a3% decreasefrom lastm onth and 7% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
70
41
41
53
53
52
49
46
47
44
41
33
37
33
31
25
18
9 7
8
7
6
6 8
5
5
4 4 4
$830,000
$825,000
$707,450 $671,000
$700,000 $735,000 $757,450
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
22.0
20
15
10.0
10
5
2.5
1.5
1.0
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 1 1.0
2 5 2.5
1 22 22.0
1 10 10.0
2 3 1.5
M onthsofInv. Inventory Sales
3
11
7
8
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