westkelowna TOW NHOME|APRIL2023
TOTAL LISTINGS ▲ 132% VS 202
MONTHS OF INVENTORY 2.9 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 5% VS 202
▲ 9% VS 202
▲ 47% VS 202
Therewere72townhom elistingsin W estKelownain April,18% higherthan M arch and 132% aboveApril2022.
Apriltownhom esalesincreased by108% m onth-over-m onth,to25,and were47% aboveApril2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere2.9m onthsofinventoryfortownhom esin A pril,reflecting selers'm arketconditions.
25 72
12 61
-43% 108% 18%
17 31
58% 47% 132%
$724,832 $757,000 2.9
$656,750 $670,000 5.1
$688,753 $695,000 1.8
Thetownhom em edian pricein Aprilwas$757,000,a13% increasefrom M arch and 9% aboveApril2022.
10% 13%
5% 9%
Theaveragesold pricein Aprilwas$724,832 for townhom es,a10% increasefrom lastm onth and 5% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
85
82
86
76
76
55
72
68
53
60 61
49
45
37
31
25
16
17 13
13
10 12
13
7
8
6 5 5
$797,000
$757,000
18
$695,000
$676,000 $680,000 $700,000 $655,000
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
20
9.0
15
6.3
10
2.5
2.0
5
1.5
1.4
1.0 1.0
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 1 1.0
2 5 2.5
5 7 1.4
2 18 9.0
3 19 6.3
8 12 1.5
2 2 1.0
1 2 2.0
M onthsofInv. Inventory Sales
2
3
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.
●
15
Made with FlippingBook - professional solution for displaying marketing and sales documents online