cityofkelowna DETACHED |APRIL2023
TOTAL LISTINGS ▲ 24% VS 202
MONTHS OF INVENTORY 5.5 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 18% VS 202
▼ 17% VS 202
▼ 24% VS 202
Therewere608 detachedlistingsin theCityofKelownain April,3% higherthan M arch and 24% aboveApril2022.
Aprildetached hom esalesdecreased by 8% m onth-over-m onth,to111,and were24% below April 2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.5m onthsofinventoryfordetached hom esin April,reflecting balanced m arketconditions.
111 608
121 589
-12% -9% 13% -8% 3%
146 489
-18% -17% 64% -24% 24%
$1,144,576 $990,000 5.5
$1,298,144 $1,090,000 4.9
$1,399,319 $1,190,500 3.4
Thedetachedm edian pricein Aprilwas$990,000,a9% decreasefrom M arch and 17% below April2022.
Theaveragesold pricein Aprilwas$1,144,576 for detached hom es,a12% decreasefrom lastm onth and 18% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
739
771
749
748
714
58
641
611
608
589
54
551
507 513
489
146 138
121
111
107 77 101 90 82 80
74
53 38
23
$1,190,500 $1,109,000
$1,042,500
$978,750 $990,000
$968,000
$880,000
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
250
19.0
200
150
100
6.1
4.4
50
2.6 3.1
1.7 1.7
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 +
7 12 1.7
17 29 1.7
19 50 2.6
14 44 3.1
19 116 6.1
22 97 4.4
13 247 19.0
M onthsofInv. Inventory Sales
4
2
1
6
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