Kelowna Real Estate Update – May 29, 2015

    Weekly Market Update

    Weekly real estate market update – week of May 24, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  0 (5,5,3)
    # of New Listings:  60 (53,66,70)
    # of Price Changes:  30 (33,39,28)
    # of Sales:  46 (38,43,27)
    Active House Listings:  645 (644,645,634)
    Average Price $653 ($551,$501,$520)

    # of Expired Listings:  2 (3,1,3)
    # of New Listings:  38 (49,52,60)
    # of Price Changes:  29 (12,24,19)
    # of Sales:  36 (36,42,29)
    Active Condo Listings:  625 (635,631,628)
    Average Price $310 ($279,$339,$279)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  1 (2,1,0)
    # of New Listings: 27 (23,38,27)
    # of Price Changes: 12 (17,19,16)
    # of Sales:  8 (11,10,17)
    Active House Listings:  293 (279,273,252)
    Average Price $543 ($571,$416,$526)
    # of Expired Listings:  0 (0,1,1)
    # of New Listings:  14 (32,20,31)
    # of Price Changes:  7 (4,2,5)
    # of Sales:  13 (8,9,10)
    Active Condo Listings:  224 (224,205,197)
    Average Price $282 ($336,$316,$293)

    The Kelowna house market saw a jump in sales last week, but with 60 new listings on the market there is still substantial inventory available.

    The West Kelowna condo market also saw an increase in sales but again, with new listings on the market inventory remains stable.

    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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