westkelowna CONDO|MAY2023
TOTAL LISTINGS ▲ 89% VS 202
MONTHS OF INVENTORY 3.2 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 9% VS 202
▼ 3% VS 202
▲ 0% VS 202
Therewere70condolistingsin W estKelownain M ay,11% lowerthan Apriland 89% aboveM ay2022.
M aycondosalesincreased by5% m onth-over-m onth,to 22,and wereaboutthesam easM ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.2m onthsofinventoryforcondosin M ay, reflecting selers'm arketconditions.
22 70
21 79
21% 11% -15% 5% -11%
22 37
9% -3% 89% 0% 89%
$522,536 $460,000 3.2
$433,138 $415,000 3.8
$478,864 $475,000 1.7
Thecondom edian pricein M aywas$460,000,a11% increasefrom Apriland 3% below M ay2022.
Theaveragesold pricein M aywas$522,536 forcondos,a 21% increasefrom lastm onth and 9% abovelastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
79
82
70
73
64
55
50
47
46
46
44
40
54
37
37
22
21 22
15 17
12 10
14
10 11
9
4 6
27
$475,000 $485,000 $485,000 $466,875 $500,000 $477,500 $460,000
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
25
7.5
7.5
20
5.0
15
10
2.2
2.0
5
1.0 1.0 1.0
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 5 5.0
2 15 7.5
11 24 2.2
2 15 7.5
3 3 1.0
1 1 1.0
1 1 1.0
1 2 2.0
M onthsofInv. Inventory Sales
3
1
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