downtown kelowna DETACHED |APRIL2023
TOTAL LISTINGS ▲ 2% VS 202
MONTHS OF INVENTORY 8.3 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 26% VS 202
▼ 30% VS 202
▼ 48% VS 202
Therewere91 detached listingsin D owntown Kelownain April,5% lowerthan M arch and 2% aboveApril2022.
Aprildetached hom esalesdecreased by 35% m onth-over-m onth,to11,and were48% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere8.3m onthsofinventoryfordetached hom esin April,reflecting buyers'm arketconditions.
11 91
17 96
-29% -21% 46% -35% -5%
21 89
-26% -30% 95% -48% 2%
$937,727 $825,000 8.3
$1,311,524 $1,050,000 5.7
$1,268,895 $1,176,000 4.2
Thedetachedm edian pricein Aprilwas$825,000,a21% decreasefrom M arch and 30% below April2022.
Theaveragesold pricein Aprilwas$937,727 fordetached hom es,a29% decreasefrom lastm onth and 26% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
154
150
83
126
122
117
118
102
96
91
89
82
75 79
54
21 19
16 13
17
10
11
11 12
12 6
7 4
$1,176,000 $1,147,500
$980,000
$906,000
$890,000
$880,000 $825,000
18
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
5.0
25
4.7
20
15
2.3
2.0
2.0
10
0 5
<$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 7 2.3
1 2 2.0
2 10 5.0
2 4 2.0
3 14 4.7
M onthsofInv. Inventory Sales
2
28
24
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMay 23,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationand datacontained hereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom panies doesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation. Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym ay bewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
11
Made with FlippingBook - professional solution for displaying marketing and sales documents online