Kelowna Real Estate Update – May 15, 2015

    Weekly Market Update

    Weekly real estate market update – week of May 10, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  5 (3,14,1)
    # of New Listings:  66 (70,54,55)
    # of Price Changes:  39 (28,28,31)
    # of Sales:  43 (27,48,42)
    Active House Listings:  645 (634,604,628)
    Average Price $501 ($520,$577,$540)

    # of Expired Listings:  1 (3,21,2)
    # of New Listings:  52 (60,52,45)
    # of Price Changes:  24 (19,26,17)
    # of Sales:  42 (29,39,37)
    Active Condo Listings:  631 (628,599,611)
    Average Price $279 ($320,$307,$271)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  1 (0,8,2)
    # of New Listings: 38 (27,27,15)
    # of Price Changes: 19 (16,13,17)
    # of Sales:  10 (17,21,17)
    Active House Listings:  273 (252,250,250)
    Average Price $416 ($526,$536,$474)
    # of Expired Listings:  1 (1,1,0)
    # of New Listings:  20 (31,5,20)
    # of Price Changes: 2 (5,7,7)
    # of Sales:  9 (10,6,6)
    Active Condo Listings:  205 (197,184,172)
    Average Price $316 ($293,$309,$415)

    Average house and condo prices were down for all categories last week except for West Kelowna condos, which showed an increase of 8% over last week.

    Sales were up in all categories, with West Kelowna houses showing the largest increase in sales at 8%.

    The number of homes and condos offered for sale has remained relatively stable over the last few weeks. Homes have sold but new homes have also come on the market.

     

     

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