downtown kelowna TOWNHOME|MAY2023
TOTAL LISTINGS ▲ 31% VS 202
MONTHS OF INVENTORY 2.6 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 7% VS 202
▼ 4% VS 202
▲ 80% VS 202
Therewere47townhom elistingsin D owntown Kelownain M ay,4% lowerthan Apriland 31% aboveM ay2022.
M aytownhom esalesincreased by260% m onth-over-m onth,to18,and were80% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere2.6m onthsofinventoryfortownhom esin M ay,reflecting selers'm arketconditions.
18 47
$746,160 $760,000 9.8 5 49
13% -0.3% -73% 260% -4%
10 36
7% -4% -28% 80% 31%
$840,439 $757,450 2.6
$784,452 $784,950 3.6
Thetownhom em edian pricein M aywas$757,450,a0.3% decreasefrom Apriland 4% below M ay2022.
Theaveragesold pricein M aywas$840,439for townhom es,a13% increasefrom lastm onth and 7% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
53
52
49
46
47
45
42
44
41
37
38
36
33
31
25
18
24
10
9
8
7
8
6
5
5
6
4 4 4
$830,000
$784,950
$707,450 $671,000
$700,000 $735,000 $757,450
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
10
6.0
8
4.5
6
4
1.8
1.5
1.0 1.3
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 +
1 1 1.0
4 5 1.3
4 6 1.5
5 9 1.8
1 6 6.0
2 9 4.5
M onthsofInv. Inventory Sales
2
8
1
1
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof June1,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
12
Made with FlippingBook - professional solution for displaying marketing and sales documents online