Kelowna Real Estate Update – July 17, 2015

    Weekly real estate market update – week ending July 17, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  2 (9,15,7)
    # of New Listings:  39 (50,67,48)
    # of Price Changes:  38 (21,26,34)
    # of Sales:  46 (31,32,46)
    Active House Listings:  631 (643,648,607)
    Average Price $534 ($625,$550,$649)

    # of Expired Listings:  6 (3,9,0)
    # of New Listings:  49 (35,46,46)
    # of Price Changes:  16 (24,19,17)
    # of Sales:  18 (32,37,39)
    Active Condo Listings:  625 (607,611,615)
    Average Price $350 ($341,$328,$306)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  5 (0,8,2)
    # of New Listings: 23 (30,21,23)
    # of Price Changes: 21 (17,13,23)
    # of Sales:  14 (13,11,15)
    Active House Listings:  291 (288,277,277)
    Average Price $475 ($548,$449,$700)
    # of Expired Listings:  4 (1,5,0)
    # of New Listings:  12 (10,8,23)
    # of Price Changes:  11 (2,5,11)
    # of Sales:  5 (2,10,5)
    Active Condo Listings:  245 (244,233,242)
    Average Price $403 ($687,$346,$318)

    House sales in Kelowna were up over last week, and fewer new listings on the market means active inventory is down over last week. Kelowna condo sales were down substantially over last week and new listings were up, providing a larger inventory in that sector. West Kelowna house and condo inventory is up slightly over 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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