downtown kelowna CONDO |APRIL2023
TOTAL LISTINGS ▲ 71% VS 202
MONTHS OF INVENTORY 5.7 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 7% VS 202
▼ 6% VS 202
▼ 29% VS 202
Therewere166condolistingsin D owntown Kelownain April,5% higherthan M arch and 71% aboveApril2022.
Aprilcondo salesdecreased by34% m onth-over-m onth,to 29,and were29% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.7m onthsofinventoryforcondosin April, reflecting balanced m arketconditions.
$607,414 $540,000 5.7 29 166
$516,107 $509,000 3.6 44 158
18% 6% 59% -34% 5%
41 97
141% -29% 71%
$650,678 $574,000 2.4
Thecondom edian pricein Aprilwas$540,000,a6% increasefrom M arch and 6% below April2022.
-7% -6%
Theaveragesold pricein Aprilwas$607,414 forcondos,a 18% increasefrom lastm onth and 7% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
162
167
166
153 158
155 155
148
149
143
63
122
107
97
44
44
41 43
32 33
29
25
22 23
28 25
31
13 13
$574,000
$563,150
$540,000
$502,500
$491,500 $475,000 $480,000
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
20
19.0
19.0
15
15.0
10
9.0
9.0
8.0
6.0
5.7
5
3.0
2.5
2.0
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 3 3.0
1 9 9.0
6 15 2.5
3 17 5.7
9 18 2.0
1 19 19.0
3 18 6.0
2 18 9.0
1 8 8.0
1 19 19.0
1 15 15.0
M onthsofInv. Inventory Sales
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