cityofkelowna CONDO |APRIL2023
TOTAL LISTINGS ▲ 61% VS 202
MONTHS OF INVENTORY 3.1 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 11% VS 202
▼ 7% VS 202
▼ 20% VS 202
Therewere314condolistingsin theCityofKelownain April,1.6% lowerthan M arch and 61% aboveApril2022.
Aprilcondo salesdecreased by6% m onth-over-m onth,to 101,and were20% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.1m onthsofinventoryforcondosin April, reflecting selers'm arketconditions.
101 314
107 319
0.8% -1.3% 4% -6% -1.6%
126 195
-11% -7% 101% -20% 61%
$491,900 $454,000 3.1
$488,225 $460,000 3.0
$551,487 $487,500 1.6
Thecondom edian pricein Aprilwas$454,000,a1.3% decreasefrom M arch and 7% below April2022.
Theaveragesold pricein Aprilwas$491,900 forcondos,a 0.8% increasefrom lastm onth and 11% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
379
356 381
351
333
323 319
52
314
311
292
270
48
217
195
126 126
107
101
93
78 71
82 63
28
56
54
35 42
$487,500 $449,500 $480,000
$436,500 $475,000
$432,450 $454,000
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
60 70
23.0
19.0
50
40
30
7.3
7.0
20
5.3
5.0
3.0 2.3 2.4
0 10
2.1 1.9
<$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 3 3.0
12 27 2.3
20 47 2.4
30 62 2.1
23 43 1.9
4 28 7.0
4 21 5.3
3 22 7.3
2 10 5.0
1 23 23.0
1 19 19.0
M onthsofInv. Inventory Sales
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