westkelowna TOWNHOME|JULY2023
TOTAL LISTINGS ▼ 15% VS 202
MONTHS OF INVENTORY 5.1 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▼ 1.4% VS 202
▲ 100% VS 202
Therewere72townhom elistingsin W estKelownain July, 3% higherthan Juneand 15% below July2022.
Julytownhom esalesdecreased by13% m onth-over-m onth, to14,and were100% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.1m onthsofinventoryfortownhom esin July, reflecting balanced m arketconditions.
14 72
16 70
-0.7% -0.4% 17% -13% 3%
$783,843 $795,000 12.1 7 85
4% -1.4% -58% 100% -15%
$813,893 $784,000 5.1
$819,681 $787,500 4.4
Thetownhom em edian pricein Julywas$784,000,a0.4% decreasefrom Juneand 1.4% below July2022.
Theaveragesold pricein Julywas$813,893for townhom es,a0.7% decreasefrom lastm onth and 4% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
85
82
86
76
59
72
70 72
68
60 61
53
49
37
43
41
29
25
16
16
13
14
10 12
7
8
6 5 5
$795,000
$784,000
$737,500
$675,000
$670,000 $685,000
$560,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
15
10.0
10
7.0
6.0
4.3
5
2.5
1.3 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 +
2 5 2.5
2 12 6.0
2 14 7.0
1 10 10.0
3 13 4.3
3 4 1.3
1 1 1.0
M onthsofInv. Inventory Sales
1
1
6
5
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