westkelowna CONDO |APRIL2023
TOTAL LISTINGS ▲ 103% VS 202
MONTHS OF INVENTORY 3.8 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 13% VS 202
▼ 17% VS 202
▼ 32% VS 202
Therewere79condolistingsin W estKelownain April,4% lowerthan M arch and 103% aboveApril2022.
Aprilcondo salesincreased by91% m onth-over-m onth,to 21,and were32% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change -13% -17% 198% -32% 103%
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.8m onthsofinventoryforcondosin April, reflecting selers'm arketconditions.
21 79
11 82
-0.4% -13% -50% 91% -4%
31 39
$433,138 $415,000 3.8
$435,045 $477,500 7.5
$496,152 $500,000 1.3
Thecondom edian pricein Aprilwas$415,000,a13% decreasefrom M arch and 17% below April2022.
Theaveragesold pricein Aprilwas$433,138 forcondos,a 0.4% decreasefrom lastm onth and 13% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
79
82
87
64
55
50
47
46
46
44
40
39
37
37
31
54
22
21
15 17
12 10
14
10 11
9
4 6
$500,000 $485,950 $490,000 $505,250
$397,500 $428,750 $415,000
16
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
7.5
25
20
15
4.0
2.8
10
2.0
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 +
7 14 2.0
10 28 2.8
2 15 7.5
2 8 4.0
M onthsofInv. Inventory Sales
5
3
4
1
1
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