Kelowna Real Estate Update – September 4, 2015

    Weekly Market Update

    Weekly real estate market update – week ending September 4, 2015

    Numbers from previous weeks are in brackets.

    Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  24 (1,9,4)
    # of New Listings:  53 (32,47,48)
    # of Price Changes:  30 (31,39,24)
    # of Sales:  30 (40,33,35)
    Active House Listings:  566 (577,589,596)
    Average Price $566 ($591,$613,$590)

    # of Expired Listings:  30 (5,9,5)
    # of New Listings:  60 (33,41,39)
    # of Price Changes:  26 (21,14,29)
    # of Sales:  45 (40,24,40)
    Active Condo Listings: 545 (568,585,584)
    Average Price $347 ($278,$231,$332)

    West Kelowna Real Estate

    Houses

    Condos

    # of Expired Listings:  10 (5,2,2)
    # of New Listings: 11 (22,21,17)
    # of Price Changes: 13 (21,13,18)
    # of Sales:  6 (8,11,14)
    Active House Listings:  282 (292,292,286)
    Average Price $501 ($521,$498,$574)

    # of Expired Listings:  10 (1,1,1)
    # of New Listings:  13 (6,10,35)
    # of Price Changes:  10 (3,6,12)
    # of Sales:  12 (6,7,10)
    Active Condo Listings:  268 (278,283,284)
    Average Price $397 ($296,$409,$264)

    This week there was a dramatic increase in new condo listings in both Kelowna and West Kelowna over last week. New house listings in Kelowna were also up substantially, but in West Kelowna new listings of houses were down.

    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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