cityofkelowna CONDO |JUNE2023
TOTAL LISTINGS ▲ 13% VS 202
MONTHS OF INVENTORY 3.2 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 5% VS 202
▲ 3% VS 202
▲ 35% VS 202
Therewere352condolistingsin theCityofKelownain June,6% higherthan M ayand 13% aboveJune2022.
Junecondosalesincreased by4% m onth-over-m onth,to 111,and were35% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.2m onthsofinventoryforcondosin June, reflecting selers'm arketconditions.
111 352
107 331
3% 4% 6%
$513,262 $449,500 3.8 82 311
-5% 3% -16% 35% 13%
$490,000 $465,000 3.2
$545,047 $475,000 3.1
Thecondom edian pricein Junewas$465,000,a2% about thesam easM ayand 3% aboveJune2022.
-10% -2%
Theaveragesold pricein Junewas$490,000forcondos,a 10% decreasefrom lastm onth and 5% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
381
379
356
352
351
333
331
323 319
47
314
311
292
270
43
33
107
111
102 107
93
78 71
82 63
56
54
35 42
$449,500 $480,000
$436,500 $475,000
$432,450 $454,500 $465,000
Jun-2022 M ay-2023 Jun-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
70
25.0
60
50
40
30
8.7
7.3
20
4.5
4.0
2.9 3.1
2.7 1.8
0 10
1.4 2.2
<$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 +
5 7 1.4
12 26 2.2
15 40 2.7
36 65 1.8
18 53 2.9
14 44 3.1
3 22 7.3
3 26 8.7
2 8 4.0
1 25 25.0
2 9 4.5
M onthsofInv. Inventory Sales
27
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