cityofkelowna TOWNHOME|JULY2023
TOTAL LISTINGS ▲ 15% VS 202
MONTHS OF INVENTORY 4.0 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
0% VS 202
▲ 33% VS 202
Therewere226townhom elistingsin theCityofKelowna in July,12% higherthan Juneand 15% aboveJuly2022.
Julytownhom esalesdecreased by11% m onth-over-m onth, to56,and were33% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.0m onthsofinventoryfortownhom esin July, reflecting selers'm arketconditions.
$724,739 $692,500 4.0 56 226
$725,808 $675,000 3.2 63 202
-0.1% 3% 26% -11% 12%
$701,430 $692,500 4.7 42 197
3% 0% -14% 33% 15%
Thetownhom em edian pricein Julywas$692,500,a3% increasefrom Juneand 0% aboutthesam easJuly2022.
Theaveragesold pricein Julywas$724,739for townhom es,0.1% decreasefrom lastm onth and 3% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
226
200
204
202
202
200
197
192 186
48
164
155
151 146
37
84
31
63
56
44
42 39 39 41
40
31 32
22 25
$717,500 $692,500
$692,500 $700,000 $736,750 $715,000
$645,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
50
12.0
40
30
6.4 6.7
4.6
20
3.2
2.3
2.3
2.0 1.8
10
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 +
1 2 2.0
8 14 1.8
7 16 2.3
12 38 3.2
10 46 4.6
8 51 6.4
3 20 6.7
6 14 2.3
1 12 12.0
M onthsofInv. Inventory Sales
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