Kelowna Real Estate Update – May 22, 2015

    Weekly Market Update

    Weekly real estate market update – week of May 17, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  6 (5,3,14)
    # of New Listings:  53 (66,70,54)
    # of Price Changes:  33 (39,28,28)
    # of Sales:  38 (43,27,48)
    Active House Listings:  644 (645,634,604)
    Average Price $551 ($501,$520,$577)

    # of Expired Listings:  3 (1,3,21)
    # of New Listings:  49 (52,60,52)
    # of Price Changes:  12 (24,19,26)
    # of Sales:  36 (42,29,39)
    Active Condo Listings:  635 (631,628,599)
    Average Price $279 ($339,$279,$320)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  2 (1,0,8)
    # of New Listings: 23 (38,27,27)
    # of Price Changes: 17 (19,16,13)
    # of Sales:  11 (10,17,21)
    Active House Listings:  279 (273,252,250)
    Average Price $571 ($416,$526,$536)
    # of Expired Listings:  0 (1,1,1)
    # of New Listings:  32 (20,31,5)
    # of Price Changes: 4 (2,5,7)
    # of Sales:  8 (9,10,6)
    Active Condo Listings:  224 (205,197,184)
    Average Price $336 ($316,$293,$309)

    House and condo listing inventory in Kelowna and West Kelowna has been fairly stable over the last few weeks. Listings have sold and expired but new listings have come on the market

    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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