Kelowna Real Estate Update – July 31, 2015

    Weekly Market Update

    Weekly real estate market update – week ending July 31, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  3 (2,2,9)
    # of New Listings:  49 (54,39,50)
    # of Price Changes:  22 (26,38,21)
    # of Sales:  39 (33,46,31)
    Active House Listings:  616 (618,631,643)
    Average Price $619 ($617,$534,$625)

    # of Expired Listings:  12 (2,6,3)
    # of New Listings:  39 (47,49,35)
    # of Price Changes:  15 (21,16,24)
    # of Sales:  40 (36,18,32)
    Active Condo Listings:  605 (622,625,607)
    Average Price $292 ($347,$350,$341)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  4 (1,5,0)
    # of New Listings: 19 (19,23,30)
    # of Price Changes: 19 (13,21,17)
    # of Sales:  16 (13,14,13)
    Active House Listings:  289 (291,288,277)
    Average Price $497 ($437,$475,$548)
    # of Expired Listings:  1 (1,4,1)
    # of New Listings:  17 (8,12,10)
    # of Price Changes:  8 (8,11,2)
    # of Sales:  11 (9,5,2)
    Active Condo Listings:  241 (237,245,244)
    Average Price $254 ($286,$403,$687)
    Active Kelowna house and condo listings are down a little over previous weeks. New listings are still coming on the market but that doesn’t translate to an increase in inventory as sales are up over last week.In West Kelowna the house and condo inventory remained stable last week as homes were listed and sold.

    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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