Kelowna Real Estate Update – September 18, 2015

    Weekly Market Update

    Weekly real estate market update – week ending September 18, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  6 (3,24,1)
    # of New Listings:  57 (56,53,32)
    # of Price Changes:  29 (24,30,31)
    # of Sales:  29 (25,30,40)
    Active House Listings:  591 (579,566,577)
    Average Price $505 ($473,$566,$591)

    # of Expired Listings:  5 (4,30,5)
    # of New Listings:  38 (38,60,33)
    # of Price Changes:  19 (19,26,21)
    # of Sales:  46 (32,45,40)
    Active Condo Listings: 511 (538,545,568)
    Average Price $325 ($312,$347,$278)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  4 (1,10,5)
    # of New Listings: 20 (17,11,22)
    # of Price Changes: 23 (14,13,21)
    # of Sales:  12 (12,6,8)
    Active House Listings:  276 (280,282,292)
    Average Price $476 ($952,$501,$521)

    # of Expired Listings:  1 (2,10,1)
    # of New Listings:  9 (12,13,6)
    # of Price Changes:  6 (7,10,3)
    # of Sales:  8 (2,12,6)
    Active Condo Listings:  273 (274,268,278)
    Average Price $371 ($642,$397,$296)

    There are still new house and condo listings coming on the market in both Kelowna and West Kelowna, so it seems there are choices for potential buyers.  However, in some price ranges inventory is really limited – we just listed and sold a condo in the $280,000 range that was snapped up in just 1 day with competing offers.

    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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