Kelowna Real Estate Update – August 14, 2015

    Weekly Market Update

    Weekly real estate market update – week ending of August 14, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  4 (3,2,2)
    # of New Listings:  48 (49,54,39)
    # of Price Changes:  24 (22,26,38)
    # of Sales:  35 (39,33,46)
    Active House Listings:  596 (616,618,631)
    Average Price $590 ($619,$617,$534)
    # of Expired Listings:  5 (12,2,6)
    # of New Listings:  39 (39,47,49)
    # of Price Changes:  29 (15,21,16)
    # of Sales:  40 (40,36,18)
    Active Condo Listings: 584 (605.622,625)
    Average Price $332 ($292,$347,$350)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  2 (4,1,5)
    # of New Listings: 17 (19,19,23)
    # of Price Changes: 18 (19,13,21)
    # of Sales:  14 (16,13,14)
    Active House Listings:  286 (289,291,288)
    Average Price $574 ($497,$437,$475)
    # of Expired Listings:  1 (1,1,4)
    # of New Listings:  35 (17,8,12)
    # of Price Changes:  12 (8,8,11)
    # of Sales:  10 (11,9,5)
    Active Condo Listings:  284 (241,237,245)
    Average Price $264 ($254,$286,$403)
    Active house listings were down in both Kelowna and West Kelowna last week. Condo listings were down in Kelowna as well, but West Kelowna saw an increase of active condo listings last week. As the summer draws to a close we will likely see fewer active listings as part of the annual cycle.

    Average selling price fluctuates substantially from one week to the next in these stats as the properties involved may not be comparable.  If you’re interested in the average selling price of a certain type of house or condo in Kelowna or West Kelowna, please contact us. We’ll be happy to get you the information.

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