centralokanagan TOW NHOME|APRIL2023
TOTAL LISTINGS ▲ 64% VS 202
MONTHS OF INVENTORY 4.3 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 12% VS 202
▼ 10% VS 202
▼ 30% VS 202
Therewere342townhom elistingsin theCentral O kanagan in April,9% higherthan M arch and 64% above April2022.
Apriltownhom esalesincreased by14% m onth-over-m onth,to80,and were30% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.3m onthsofinventoryfortownhom esin A pril,reflecting selers'm arketconditions.
$695,051 $700,000 4.3 80 342
$682,924 $652,500 4.5 70 313
1.8% 7% -4% 14% 9%
115 209
-12% -10% 135% -30% 64%
$791,717 $779,000 1.8
Thetownhom em edian pricein Aprilwas$700,000,a7% increasefrom M arch and 10% below April2022.
Theaveragesold pricein Aprilwas$695,051 for townhom es,a1.8% increasefrom lastm onth and 12% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
350
352
367
346 342
342
342
313
49
286
258 273
259
42
209
115
105
80
84
70
56
58 62
49
52
36 38 38
21
$779,000
$720,000 $700,000
$692,450 $685,000 $664,575 $642,500
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
29.0
60
25.0
40
20
5.5
3.8
3.5 3.5 4.1
2.3
1.0 1.4
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
5 7 1.4
5 19 3.8
11 25 2.3
17 60 3.5
20 69 3.5
15 62 4.1
4 22 5.5
1 29 29.0
1 25 25.0
M onthsofInv. Inventory Sales
23
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.
●
6
Made with FlippingBook - professional solution for displaying marketing and sales documents online