westkelowna TOWNHOME|MAY2023
TOTAL LISTINGS ▲ 18% VS 202
MONTHS OF INVENTORY 1.8 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 5% VS 202
▼ 2% VS 202
▲ 123% VS 202
Therewere53townhom elistingsin W estKelownain M ay, 26% lowerthan Apriland 18% aboveM ay2022.
M aytownhom esalesincreased by16% m onth-over-m onth, to29,and were123% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere1.8m onthsofinventoryfortownhom esin M ay,reflecting selers'm arketconditions.
29 53
25 72
-7% -10% -36% 16% -26%
13 45
-47% 123% 18%
$673,534 $685,000 1.8
$724,832 $757,000 2.9
$705,862 $699,900 3.5
Thetownhom em edian pricein M aywas$685,000,a10% decreasefrom Apriland 2% below M ay2022.
-5% -2%
Theaveragesold pricein M aywas$673,534for townhom es,a7% decreasefrom lastm onth and 5% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
85
82
86
76
76
72
53
68
60 61
53
49
45
37
39
38
29
25
16
13
13
10 12
13
7
8
6 5 5
$795,000
$737,500
$699,900
$675,000
$670,000 $685,000
$560,000
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
4.0
15
3.5
10
1.8
1.1
0.7 0.8
5
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 +
3 2 0.7
6 5 0.8
8 9 1.1
9 16 1.8
2 7 3.5
1 4 4.0
M onthsofInv. Inventory Sales
1
2
1
2
4
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