westkelowna DETACHED|MAY2023
TOTAL LISTINGS ▲ 26% VS 202
MONTHS OF INVENTORY 4.0 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 12% VS 202
▲ 0.7% VS 202
▼ 7% VS 202
Therewere270 detachedlistingsin W estKelownain M ay, 7% higherthan Apriland 26% aboveM ay2022.
M ay detached hom esalesincreased by 42% m onth-over-m onth,to68,and were7% below M ay2022.
THISMONTH No. $1,282,575 $1,007,000 4.0 68 270
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.0m onthsofinventoryfordetached hom esin M ay,reflecting selers'm arketconditions.
$1,044,857 $896,000 5.3 48 253
23% 12% -25% 42% 7%
$1,148,168 $1,000,000 2.9 73 214
12% 0.7% 35% -7% 26%
Thedetachedm edian pricein M aywas$1,007,000,a12% increasefrom Apriland 0.7% aboveM ay2022.
Theaveragesold pricein M aywas$1,282,575 fordetached hom es,a23% increasefrom lastm onth and 12% abovelast year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
301
292
284
278
270
261
50
253
230
226
46
214
187
178
172
73
68
47
26
48
30
42 35 43 37 33 34
24 22
$1,000,000
$1,007,000
$900,000
$841,500
$832,500
$799,450 $859,000
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
80
6.5
5.4
60
4.0
3.6
40
3.3
3.1
2.6
20
1.3
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 4 4.0
7 9 1.3
8 26 3.3
11 29 2.6
7 25 3.6
10 31 3.1
11 59 5.4
13 85 6.5
M onthsofInv. Inventory Sales
1
1
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