cityofkelowna TOW NHOME|APRIL2023
TOTAL LISTINGS ▲ 31% VS 202
MONTHS OF INVENTORY 4.8 SEL ERS'MARKET
▶ MARKETSUMMARY Therewere193townhom elistingsin theCityofKelowna in April,17% higherthan M arch and 31% aboveApril 2022.
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 17% VS 202
▼ 11% VS 202
▼ 55% VS 202
Apriltownhom esalesdecreased by9% m onth-over-m onth, to40,and were55% below April2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.8m onthsofinventoryfortownhom esin A pril,reflecting selers'm arketconditions.
$677,585 $698,150 4.8 40 193
$679,902 $645,000 3.8 44 165
-0.3% 8% 29% -9% 17%
$811,719 $785,000 1.7 89 147
-17% -11% 193% -55% 31%
Thetownhom em edian pricein Aprilwas$698,150,a8% increasefrom M arch and 11% below April2022.
Theaveragesold pricein Aprilwas$677,585 for townhom es,a0.3% decreasefrom lastm onth and 17% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
200
197
204
200
202
200
193
171
48
165
155
151 146
147
39
89
77
62
44 40
41
42 39 39
31 32
22 25
21
$785,000
$715,000 $698,150
$692,450 $675,000 $640,000 $645,000
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
40
20.0
17.0
30
20
6.4
10
3.7 3.6 4.3
2.5
2.0
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 +
3 6 2.0
3 11 3.7
5 18 3.6
9 39 4.3
13 33 2.5
5 32 6.4
1 17 17.0
1 20 20.0
M onthsofInv. Inventory Sales
7
10
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