Kelowna Real Estate Update – July 10, 2015

    Weekly Market Update

    Weekly real estate market update – week ending July 10, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  9 (15,7,1)
    # of New Listings:  50 (67,48,62)
    # of Price Changes:  21 (26,34,32)
    # of Sales:  31 (32,46,45)
    Active House Listings:  643 (648,607,660)
    Average Price $625 ($550,$649,$632)

    # of Expired Listings:  3 (9,0,3)
    # of New Listings:  35 (46,46,47)
    # of Price Changes:  24 (19,17,25)
    # of Sales:  32 (37,39,31)
    Active Condo Listings:  607 (611,615,613)
    Average Price $341 ($328,$306,$291)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  0 (8,2,1)
    # of New Listings: 30 (21,23,23)
    # of Price Changes: 17 (13,23,16)
    # of Sales:  13 (11,15,27)
    Active House Listings:  288 (277,277,277)
    Average Price $548 ($449,$700,$498)
    # of Expired Listings:  1 (5,0,0)
    # of New Listings:  10 (8,23,17)
    # of Price Changes:  2 (5,11,9)
    # of Sales:  2 (10,5,15)
    Active Condo Listings:  244 (233,242,226)
    Average Price $687 ($346,$318,$355)

    New listings are up over last week for West Kelowna houses and condos and combined with fewer sales, inventory is up. In Kelowna, between listings and sales of condos and houses, the inventory has remained fairly stable compared to last week.

    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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