downtown kelowna CONDO|MAY2023
TOTAL LISTINGS ▲ 60% VS 202
MONTHS OF INVENTORY 3.7 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 8% VS 202
▼ 2% VS 202
▲ 7% VS 202
Therewere171condolistingsin D owntown Kelownain M ay,3% higherthan Apriland 60% aboveM ay2022.
M aycondosalesincreased by53% m onth-over-m onth,to 46,and were7% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.7m onthsofinventoryforcondosin M ay, reflecting selers'm arketconditions.
$624,573 $527,500 3.7 46 171
$605,817 $541,500 5.5 30 166
3% -3% -33% 53% 3%
$575,749 $540,000 2.5 43 107
8% -2% 49% 7% 60%
Thecondom edian pricein M aywas$527,500,a3% decreasefrom Apriland 2% below M ay2022.
Theaveragesold pricein M aywas$624,573 forcondos,a 3% increasefrom lastm onth and 8% abovelastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
167
166 171
162
153 158
155 155
149
148
58
143
122
107
44
46
44
43
32
32 33
30
25
22 23
28 25
13 13
$540,000
$527,500
$480,000 $509,000
$470,000 $499,999
$398,800
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
25
20.0
20
16.0
15
7.7
10
7.0
5.0
4.5
4.3
3.0
2.5
5
2.3
1.6 0.9
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 +
2 9 4.5
5 8 1.6
9 8 0.9
4 20 5.0
7 21 3.0
3 23 7.7
6 15 2.5
1 20 20.0
1 7 7.0
4 17 4.3
3 7 2.3
1 16 16.0
M onthsofInv. Inventory Sales
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