downtown kelowna TOW NHOME|APRIL2023
TOTAL LISTINGS ▲ 40% VS 202
MONTHS OF INVENTORY 9.8 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 11% VS 202
▼ 9% VS 202
▼ 82% VS 202
Therewere49townhom elistingsin D owntown Kelownain April,48% higherthan M arch and 40% aboveApril2022.
Apriltownhom esaleswereaboutthesam e m onth-over-m onth,at5,and were82% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere9.8m onthsofinventoryfortownhom esin April,reflecting buyers'm arketconditions.
$746,160 $760,000 9.8 5 49
$724,780 $735,000 6.6 5 33
3% 3% 48% 0% 48%
28 35
-11% -9% 684% -82% 40%
$837,186 $836,000 1.3
Thetownhom em edian pricein Aprilwas$760,000,a3% increasefrom M arch and 9% below April2022.
Theaveragesold pricein Aprilwas$746,160 for townhom es,a3% increasefrom lastm onth and 11% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
53
52
49
46
45
80
44
41
37
36
35
33
31
28
25
10
9
8
7
8
6
5
5
6
4 4 4
38
$975,000
$836,000
$757,500
$760,000
22
$651,500 $665,000
$632,500
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
10
10.0
8
8.0
6
4
3.5
2
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 1 1.0
1 8 8.0
2 7 3.5
1 10 10.0
M onthsofInv. Inventory Sales
9
5
1
8
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