westkelowna DETACHED |APRIL2023
TOTAL LISTINGS ▲ 50% VS 202
MONTHS OF INVENTORY 5.3 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 12% VS 202
▼ 12% VS 202
▼ 33% VS 202
Therewere253 detachedlistingsin W estKelownain April, 10% higherthan M arch and 50% aboveApril2022.
Aprildetached hom esalesincreased by 2% m onth-over-m onth,to48,and were33% below April2022.
THISMONTH No. $1,044,857 $896,000 5.3 48 253
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.3m onthsofinventoryfordetached hom esin April,reflecting balanced m arketconditions.
$1,059,550 $859,000 4.9 47 230
-1.4% 4% 8% 2% 10%
$1,183,060 $1,012,500 2.4 72 169
-12% -12% 124% -33% 50%
Thedetachedm edian pricein Aprilwas$896,000,a4% increasefrom M arch and 12% below April2022.
Theaveragesold pricein Aprilwas$1,044,857 for detached hom es,a1.4% decreasefrom lastm onth and 12% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
301
292
284
278
261
56
253
230
226
214
187
178
46
172
169
72 73
47
48
30
42 35 43 37 33 34
24 22
23
$1,012,500
$931,250 $896,000
$878,750
$878,000
$865,500
$810,000
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
80
17.3
13.8
60
40
4.6
20
3.4 2.9
3.0
1.6
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 +
5 15 3.0
11 18 1.6
8 27 3.4
10 29 2.9
5 23 4.6
3 52 17.3
6 83 13.8
M onthsofInv. Inventory Sales
1
1
4
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