centralokanagan CONDO |JUNE2023
TOTAL LISTINGS ▲ 22% VS 202
MONTHS OF INVENTORY 3.5 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 3% VS 202
▲ 2% VS 202
▲ 39% VS 202
Therewere502 condolistingsin theCentralO kanagan in June,3% higherthan M ayand 22% aboveJune2022.
Junecondosalesdecreased by0.7% m onth-over-m onth,to 142,and were39% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.5m onthsofinventoryforcondosin June, reflecting selers'm arketconditions.
142 502
143 487
-6% 0.2% 4% -0.7% 3%
102 411
-3% 2% -12% 39% 22%
$492,425 $463,500 3.5
$524,882 $462,500 3.4
$505,412 $453,500 4.0
Thecondom edian pricein Junewas$463,500,a0.2% increasefrom M ayand 2% aboveJune2022.
Theaveragesold pricein Junewas$492,425forcondos,a 6% decreasefrom lastm onth and 3% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
499
497
479 487
502
468 496
463
462
446
428
52
411
373
45
33
143 142
130
134
126
101 94
102 85
74
72
47 52
$453,500 $488,500 $470,000 $471,675 $433,750 $449,375 $463,500
Jun-2022 M ay-2023 Jun-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
11.0
100
10.0
9.0
80
60
5.5
4.5
40
3.5
3.2 3.1
2.9
2.3
20
1.8
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 9 1.8
13 42 3.2
21 65 3.1
47 106 2.3
28 80 2.9
15 53 3.5
3 30 10.0
3 27 9.0
2 11 5.5
3 33 11.0
2 9 4.5
M onthsofInv. Inventory Sales
37
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