westkelowna CONDO |JUNE2023
TOTAL LISTINGS ▲ 54% VS 202
MONTHS OF INVENTORY 3.6 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 16% VS 202
▼ 8% VS 202
▲ 43% VS 202
Therewere71condolistingsin W estKelownain June, 1.4% higherthan M ayand 54% aboveJune2022.
Junecondosalesdecreased by9% m onth-over-m onth,to 20,and were43% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.6m onthsofinventoryforcondosin June, reflecting selers'm arketconditions.
20 71
22 70
-13% -3% 12% -9% 1.4%
14 46
-16% -8% 8% 43% 54%
$453,070 $448,000 3.6
$522,536 $460,000 3.2
$542,543 $485,950 3.3
Thecondom edian pricein Junewas$448,000,a3% decreasefrom M ayand 8% below June2022.
Theaveragesold pricein Junewas$453,070forcondos,a 13% decreasefrom lastm onth and 16% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
79
82
71
70
73
64
55
50
47
46
46
44
40
37
50
22
21
20
15 17
12 10
14
37
10 11
9
4 6
$485,950 $490,000 $505,250
$448,000
$397,500 $428,750 $415,000
Jun-2022 M ay-2023 Jun-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
8.0
25
20
15
3.3 3.5
10
1.6
0 5
<$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 +
1 8 8.0
3 10 3.3
8 28 3.5
8 13 1.6
M onthsofInv. Inventory Sales
4
2
2
3
1
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