cityofkelowna DETACHED |JULY2023
TOTAL LISTINGS ▲ 4% VS 202
MONTHS OF INVENTORY 7.7 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 0.4% VS 202
▼ 10% VS 202
▲ 35% VS 202
Therewere804 detachedlistingsin theCityofKelownain July,6% higherthan Juneand 4% aboveJuly2022.
July detached hom esalesdecreased by 27% m onth-over-m onth,to104,and were35% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere7.7m onthsofinventoryfordetached hom esin July,reflecting balanced m arketconditions.
104 804
143 757
0.4% -7% 46% -27% 6.2%
$1,210,584 $1,100,000 10.0 77 772
-0.4% -10% -23% 35% 4%
$1,205,753 $995,000 7.7
$1,200,373 $1,075,000 5.3
Thedetachedm edian pricein Julywas$995,000,a7% decreasefrom Juneand 10% below July2022.
Theaveragesold pricein Julywas$1,205,753 fordetached hom es,a0.4% increasefrom lastm onth and 0.4% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
772
804
757
750
749
715
42
671
41
642
610
591
552
37
508 514
155
143
121
111
104
73
77 101 90 82 80
53 38
$1,100,000 $1,050,450
$1,090,000 $1,065,000
$1,005,000
$995,000
$884,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
300
14.0
250
11.5
200
9.8
150
100
3.5 3.9 3.5
2.8
0 50
2.0
<$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 +
3 6 2.0
4 14 3.5
9 35 3.9
17 59 3.5
19 54 2.8
16 156 9.8
14 161 11.5
22 309 14.0
M onthsofInv. Inventory Sales
4
2
4
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