centralokanagan CONDO |JULY2023
TOTAL LISTINGS ▲ 14% VS 202
MONTHS OF INVENTORY 4.3 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 3% VS 202
▲ 1.7% VS 202
▲ 46% VS 202
Therewere530 condolistingsin theCentralO kanagan in July,5% higherthan Juneand 14% aboveJuly2022.
Julycondosalesdecreased by13% m onth-over-m onth,to 124,and were46% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.3m onthsofinventoryforcondosin July, reflecting selers'm arketconditions.
124 530
142 503
2% 0.9% 21% -13% 5%
$517,384 $459,600 5.5 85 463
-3% 2% -22% 46% 14%
$502,793 $467,500 4.3
$492,425 $463,500 3.5
Thecondom edian pricein Julywas$467,500,a0.9% increasefrom Juneand 1.7% aboveJuly2022.
Theaveragesold pricein Julywas$502,793 forcondos,a 2% increasefrom lastm onth and 3% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
497
530
496
503
499
487
479
468
463
462
446
46
428
45
373
36
130
134 143 142
126
124
101 94
85
74
72
47 52
$459,600 $471,500
$451,500 $460,000 $462,500 $467,500
$407,500
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
120
38.0
100
80
60
40
11.7
9.0
8.5
6.5
6.0
0 20
2.9 3.7 2.7 2.7
<$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 9 9.0
12 35 2.9
18 67 3.7
41 112 2.7
30 82 2.7
10 60 6.0
4 34 8.5
4 26 6.5
3 35 11.7
1 38 38.0
M onthsofInv. Inventory Sales
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