westkelowna DETACHED |JULY2023
TOTAL LISTINGS ▲ 1.0% VS 202
MONTHS OF INVENTORY 4.9 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 9% VS 202
▲ 0.6% VS 202
▲ 77% VS 202
Therewere304 detachedlistingsin W estKelownain July, 2% higherthan Juneand 1.0% aboveJuly2022.
July detached hom esalesdecreased by 1.6% m onth-over-m onth,to62,and were77% aboveJuly2022.
THISMONTH No. $1,086,395 $905,000 4.9 62 304
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.9m onthsofinventoryfordetached hom esin July,reflecting selers'm arketconditions.
$1,120,036 $945,000 4.7 63 297
-3% -4% 4% -1.6% 2%
$998,257 $900,000 8.6 35 301
9% 0.6% -43% 77% 1.0%
Thedetachedm edian pricein Julywas$905,000,a4% decreasefrom Juneand 0.6% aboveJuly2022.
Theaveragesold pricein Julywas$1,086,395 fordetached hom es,a3% decreasefrom lastm onth and 9% abovelast year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
292
301
284
297
304
270
261
253
43
230
226
40
187
37
178
172
68
63
62
47
48
35 43 37 33 34
24 22 30
$1,007,000
$905,000
$900,000
$841,500
$832,500
$799,450 $859,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
100
11.9
80
10.4
60
6.1
40
3.3
20
2.6
1.8 1.9
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 +
5 9 1.8
15 28 1.9
10 26 2.6
11 36 3.3
5 52 10.4
8 49 6.1
8 95 11.9
M onthsofInv. Inventory Sales
1
2
6
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