downtown kelowna CONDO |JUNE2023
TOTAL LISTINGS ▲ 25% VS 202
MONTHS OF INVENTORY 4.2 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 20% VS 202
▲ 1% VS 202
▲ 54% VS 202
Therewere179condolistingsin D owntown Kelownain June,5% higherthan M ayand 25% aboveJune2022.
Junecondosalesdecreased by7% m onth-over-m onth,to 43,and were54% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.2m onthsofinventoryforcondosin June, reflecting selers'm arketconditions.
$520,169 $510,000 4.2 43 179
$624,573 $527,500 3.7 46 171
-17% -3% 12% -7% 5%
$647,071 $502,500 5.1 28 143
-20% 1.5% -19% 54% 25%
Thecondom edian pricein Junewas$510,000,a3% about thesam easM ayand 1.5% aboveJune2022.
Theaveragesold pricein Junewas$520,169forcondos,a 17% decreasefrom lastm onth and 20% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
167
171
179
166
162
153 158
155 155
58
148
149
143
122
44
42
46
44
43
32 33
30
25
22 23
28 25
13 13
$563,150
$541,500 $510,000
$502,500
$491,500 $475,000 $480,000
Jun-2022 M ay-2023 Jun-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
22.0
20
15
10.5
10
9.0
6.0
6.0
4.5
5
3.1 2.5
2.1
1.4 1.6
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 +
5 7 1.4
5 8 1.6
2 9 4.5
8 17 2.1
7 22 3.1
8 20 2.5
3 18 6.0
2 21 10.5
1 6 6.0
1 22 22.0
1 9 9.0
M onthsofInv. Inventory Sales
20
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