cityofkelowna CONDO|MAY2023
TOTAL LISTINGS ▲ 53% VS 202
MONTHS OF INVENTORY 3.1 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 5% VS 202
▼ 4% VS 202
▼ 15% VS 202
Therewere331condolistingsin theCityofKelownain M ay,5% higherthan Apriland 53% aboveM ay2022.
M aycondosalesincreased by5% m onth-over-m onth,to 107,and were15% below M ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.1m onthsofinventoryforcondosin M ay, reflecting selers'm arketconditions.
107 331
102 314
11% 5% 0% 5% 5%
126 217
5% -4% 80% -15% 53%
$545,047 $475,000 3.1
$492,563 $454,500 3.1
$520,580 $492,500 1.7
Thecondom edian pricein M aywas$475,000,a5% increasefrom Apriland 4% below M ay2022.
Theaveragesold pricein M aywas$545,047 forcondos,a 11% increasefrom lastm onth and 5% abovelastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
381
379
356
351
333
331
323 319
48
314
311
47
292
270
217
126
107
102 107
93
78 71
82 63
56
54
23
35 42
$492,500
$448,900 $471,500
$437,500 $460,000 $475,000
$385,750
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
60 70
21.0
50
40
11.5
30
7.0
20
5.5
4.5
4.0
2.8
2.7
0 10
2.0
1.9 2.2 2.6
<$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 9 4.5
10 28 2.8
21 39 1.9
29 63 2.2
19 49 2.6
6 42 7.0
7 19 2.7
2 23 11.5
2 8 4.0
4 22 5.5
4 8 2.0
1 21 21.0
M onthsofInv. Inventory Sales
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