centralokanagan CONDO |APRIL2023
TOTAL LISTINGS ▲ 69% VS 202
MONTHS OF INVENTORY 3.6 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 11% VS 202
▼ 9% VS 202
▼ 21% VS 202
Therewere479 condolistingsin theCentralO kanagan in April,3% lowerthan M arch and 69% aboveApril2022.
Aprilcondo salesincreased by2% m onth-over-m onth,to 133,and were21% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.6m onthsofinventoryforcondosin April, reflecting selers'm arketconditions.
133 479
130 496
2% -2% -6% 2% -3%
168 284
-11% -9% 113% -21% 69%
$490,683 $448,750 3.6
$478,830 $460,000 3.8
$548,560 $493,750 1.7
Thecondom edian pricein Aprilwas$448,750,a2% decreasefrom M arch and 9% below April2022.
Theaveragesold pricein Aprilwas$490,683 forcondos,a 2% increasefrom lastm onth and 11% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
479
499
497
468 496
463
462
446
428
57
411
373
49
305
284
168 164
130
133
126
101 94
102 85
74
72
47 52
27
$493,750 $453,500 $488,500 $470,000 $471,675
$433,750 $448,750
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
120
26.0
100
80
60
10.0
40
8.7 8.0
6.1 6.2
20
4.0 3.1
2.9 2.4 2.8
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 +
2 8 4.0
12 37 3.1
27 79 2.9
45 108 2.4
27 76 2.8
7 43 6.1
5 31 6.2
3 26 8.7
2 16 8.0
1 26 26.0
2 20 10.0
M onthsofInv. Inventory Sales
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