centralokanagan DETACHED|MAY2023
TOTAL LISTINGS ▲ 14% VS 202
MONTHS OF INVENTORY 4.5 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 1.2% VS 202
▼ 2% VS 202
▲ 5% VS 202
Therew ere1,176 detached listingsin theCentral O kanagan in M ay,8% higherthan Apriland 14% above May 2022.
M ay detached hom esalesincreased by 37% m onth-over-m onth,to263,and were5% aboveM ay2022.
THISMONTH No. $1,196,874 $1,045,000 4.5 263 1,176
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.5m onthsofinventoryfordetached hom esin M ay,reflecting selers'm arketconditions.
$1,105,724 $949,500 5.7 192 1,085
8% 10% -21% 37% 8%
$1,182,137 $1,070,000 4.1 251 1,035
1.2% -2% 8% 5% 14%
Thedetachedm edian pricein M aywas$1,045,000,a10% increasefrom Apriland 2% below M ay2022.
Theaveragesold pricein M aywas$1,196,874 fordetached hom es,a8% increasefrom lastm onth and 1.2% abovelast year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
1,333
1,301
1,233
1,254
1,215
1,176
53
1,085
1,035
1,053
1,031
916
48
850 857
263
251
28
194
192
126
173 133 176 163 134 127
90 70
$1,070,000 $1,050,000
$1,045,000
$974,000
$972,500
$925,000
$884,000
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
500
11.3
400
300
5.9
200
3.4
2.8
2.8 2.8 2.8
100
2.5
2.2
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 +
2 5 2.5
5 17 3.4
11 31 2.8
36 79 2.2
38 106 2.8
33 92 2.8
64 177 2.8
33 195 5.9
41 463 11.3
M onthsofInv. Inventory Sales
4
5
2
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.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online