downtown kelowna CONDO |JULY2023
TOTAL LISTINGS ▲ 41% VS 202
MONTHS OF INVENTORY 8.1 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 4% VS 202
▲ 16% VS 202
▲ 4% VS 202
Therewere210condolistingsin D owntown Kelownain July,17% higherthan Juneand 41% aboveJuly2022.
Julycondosalesdecreased by40% m onth-over-m onth,to 26,and were4% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere8.1m onthsofinventoryforcondosin July, reflecting buyers'm arketconditions.
$613,715 $545,000 8.1 26 210
$520,169 $510,000 4.2 43 180
18% 7% 93% -40% 17%
$587,712 $470,000 6.0 25 149
4% 16% 36% 4% 41%
Thecondom edian pricein Julywas$545,000,a7% increasefrom Juneand 16% aboveJuly2022.
Theaveragesold pricein Julywas$613,715 forcondos,a 18% increasefrom lastm onth and 4% abovelastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
210
180
44
167
171
43
166
162
153 158
155 155
148
149
122
35
44
46 43
30
25
26
25 32 33 22 23
13 13
$527,500 $545,000
$480,000 $509,000
$470,000 $499,999
$398,800
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
27.0
25
20
18.0
15
10
8.0
7.0
6.7 6.0
5
4.5 5.0 5.5 5.0
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 7 7.0
2 9 4.5
3 15 5.0
4 22 5.5
5 25 5.0
3 24 8.0
3 20 6.7
3 18 6.0
1 27 27.0
1 18 18.0
M onthsofInv. Inventory Sales
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