westkelowna CONDO |JULY2023
TOTAL LISTINGS ▲ 36% VS 202
MONTHS OF INVENTORY 3.4 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 6% VS 202
▲ 1.0% VS 202
▲ 33% VS 202
Therewere68 condolistingsin W estKelownain July,4% lowerthan Juneand 36% aboveJuly2022.
Julycondosaleswereaboutthesam e 0% m onth-over-m onth, to20,and were33% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.4m onthsofinventoryforcondosin July, reflecting selers'm arketconditions.
20 68
20 71
11% 9% -4% 0% -4%
15 50
-6% 1.0% 2% 33% 36%
$504,520 $490,000 3.4
$453,070 $448,000 3.6
$536,960 $485,000 3.3
Thecondom edian pricein Julywas$490,000,a9% increasefrom Juneand 1.0% aboveJuly2022.
Theaveragesold pricein Julywas$504,520 forcondos,a 11% increasefrom lastm onth and 6% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
79
82
71
70
50
68
64
55
43
50
47
46
44
40
37
30
22
21
20 20
15 17
12 10
10 11
9
4 6
$485,000 $485,000 $466,875 $500,000 $477,500 $460,000 $490,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
6.5
6.0
25
20
3.6
15
3.0
10
2.0
1.4
0 5
<$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 6 6.0
2 13 6.5
8 29 3.6
7 10 1.4
1 3 3.0
1 2 2.0
M onthsofInv. Inventory Sales
1
2
1
1
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