downtown kelowna DETACHED|JUNE2023
TOTAL LISTINGS ▼ 27% VS 202
MONTHS OF INVENTORY 4.7 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 6% VS 202
▼ 10% VS 202
▲ 100% VS 202
Therewere113detachedlistingsin D owntown Kelownain June,0.9% higherthan M ayand 27% below June2022.
Junedetached hom esalesincreased by71% m onth-over-m onth,to24,and were100% aboveJune 2022.
THISMONTH No. $1,278,188 $1,037,500 4.7 24 113
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.7m onthsofinventoryfordetached hom esin June,reflecting selers'm arketconditions.
$936,286 $945,000 8.0 14 112
37% 10% -41% 71% 0.9%
$1,356,042 $1,147,500 12.8 12 154
-6% -10% -63% 100% -27%
Thedetachedm edian pricein Junewas$1,037,500,a10% increasefrom M ayand 10% below June2022.
Theaveragesold pricein Junewas$1,278,188fordetached hom es,a37% increasefrom lastm onth and 6% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
154
150
86
126
117
118
112 113
102
96
91
82
75 79
57
24
16 13
17
10
11 14
11 12
12 6
7 4
32
$1,147,500
$1,037,500
$980,000
$906,000
$890,000
$880,000 $825,000
Jun-2022 M ay-2023 Jun-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
24.0
30
20
8.0
5.8
5.5
10
4.5
1.0 0.7
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 +
2 2 1.0
6 4 0.7
2 11 5.5
1 8 8.0
6 35 5.8
1 24 24.0
6 27 4.5
M onthsofInv. Inventory Sales
2
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