December 2011 – Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market fell this month from a price perspective.  December 2011 average house price increased 1.2% from $456,910 to $462,527 throughout the month. Average house price is down 2.63% from the December 2010 average of $475,005.  The median decreased slightly to $418,750 compared to last months $426,700.

The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of December was 1109 units over last month’s 1359 units.  How many SOLDS did we see?  December 2011 was a bit of an improvement over last year with 110 units.  Average number of residential unit sales for the month of December is 120 units (average over the past 10 years) – so we are low compared to an average December.  Days on market increased to 123 days.  As a percentage 7.39% of all residential listings sold this past month.

For more information on Kelowna real estate go to www.trishwise.com.

(1)    Source www.OMREB.com statistics – please verify if important

November 2011 – Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market fell this month from a price perspective.  November 2011 average house price decreased 1.4% from $463,503 to $456,910 throughout the month. Average house price is up 4.77% from the November 2010 average of $436,103.  The median increased slightly to $426,700 compared to last months $417,500.

The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of November was 1359 units over last month’s 1481 units.  How many SOLDS did we see?  November 2011 was a bit of an improvement over last year with 124 units.  Average number of residential unit sales for the month of November is 168 units (average over the past 10 years) – so we are low compared to an average November.  Days on market decreased slightly to 94 days.  As a percentage 9.12% of all residential listings sold this past month.

(1)    Source www.OMREB.com statistics – please verify if important

For more information on Kelowna Real Estate and the Kelowna Area please visit Trish at www.trishwise.com.

The Kelowna Residential real estate market fell this month from a price perspective.  October 2011 average house price decreased 10.5% from $517,864 to $463,503 throughout the month. Average house price is down 9.11% from the October 2010 average of $509,933.  The median decreased slightly to $417,500 compared to last months $427,000.

The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of October was 1481 units over last month’s 1590 units.  How many SOLDS did we see?  October 2011 was a bit of an improvement over last year with 148 units.  Average number of residential unit sales for the month of October is 192 units (average over the past 10 years) – so we are low compared to an average October.  Days on market increased to 97 days.  As a percentage 8.44% of all residential listings sold this past month.

(1)    Source www.OMREB.com statistics – please verify if important

For more information on Kelowna Real Estate and the Kelowna Area go to www.trishwise.com.

The Kelowna Residential real estate market increased this month from a price perspective.  September 2011 average house price increased 10.2% from $470,138 to $517,864 throughout the month. Average house price is up 10.89% from the September 2010 average of $466,987.  The median however, held steady at $427,000 compared to last months $431,935.  The reason we are seeing such a large increase in the average this month is due to the luxury home market, that continues to due well.

The number of Kelowna/Central Okanagan sellers has decreased.  The number of total residential listings by end of September was 1590 units over last month’s 1709 units.  How many SOLDS did we see?  September 2011 was a bit of an improvement over last year with 145 units.  Average number of residential unit sales for the month of September is 210 units (average over the past 10 years) – so we are low compared to an average September.  Days on market held steady with 88 days year to date.  As a percentage 9.12% of all residential listings sold this past month.

For more information on Kelowna Real Estate and the Kelowna Area please visit Trish Wise at www.trishwise.com.

(1)    Source www.OMREB.com statistics – please verify if important

For more information about Kelowna Real Estate and the Kelowna Area go to www.trishwise.com

August 2011 – Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market decreased this month from a price perspective.  August 2011 average house price decreased 4.1% from $490,364 to $470,138 throughout the month. Average house price is down 4.77% from the August 2010 average of $493,705.

The number of Kelowna/Central Okanagan sellers has decreased slightly.  The number of total residential listings by end of August was 1709 units over last month’s 1742 units.  How many SOLDS did we see?  August 2011 was a bit of an improvement over last year with 154 units.  Average number of residential unit sales for the month of August is 209 units (average over the past 10 years) – so we are low compared to an average August.  Days on market held steady with 86 days year to date.  As a percentage 7.72% of all residential listings sold this past month.

(1)    Source www.OMREB.com statistics – please verify if important

For more information on Kelowna Real Estate and the Kelowna Area visit Trish Wise at www.trishwise.com.

July 2011 – Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market increased this month from a price perspective.  July 2011 average house price increased 7.4% from $456,480 to $490,364 throughout the month (partially due to a $3.45 million dollar acreage sale). Average house price is down 3.85% from the July 2010 average of $510,019.

The number of Kelowna/Central Okanagan sellers has increased slightly.  The number of total residential listings by end of July was 1742 units over last month’s 1732 units.  How many SOLDS did we see?  July 2011 was a bit of an improvement  over last year with 146 units.  Average number of residential unit sales for the month of July is 221 units (average over the past 10 years) – so we are low compared to an average July.  Days on market held steady with 86 days year to date.  As a percentage 7.81% of all residential listings sold this past month.

For more information on Kelowna Real Estate and the Kelowna Area please visit Trish Wise and Teresa Smith at www.trishwise.com.

(1)    Source www.OMREB.com statistics – please verify if important

June 2011 – Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market decreased again this month from a price perspective.  June 2011 average house price decreased 3.1% from $471,128 to $456,480 throughout the month. Average house price is down 4.58% from the June 2010 average of $478,502.

The number of Kelowna/Central Okanagan sellers has increased slightly.  The number of total residential listings by end of June was 1732 units over last month’s 1721 units.  How many SOLDS did we see?  June 2011 was a bit of an improvement  with 205 units.  Average number of residential unit sales for the month of June is 259 units (average over the past 10 years) – so we are low compared to an average June.  Days on market held steady with 86 days year to date.  As a percentage 10.51% of all residential listings sold this past month.

For more information on Kelowna Real Estate and the Kelowna Area please visit Trish Wise & Teresa Smith at www.trishwise.com.

(1)    Source www.OMREB.com statistics – please verify if important

May 2011 – Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market decreased this month from a price perspective.  May 2011 average house price decreased slightly 1.4% from $477,652 to $471,128 throughout the month. Average house price is down 6.10% from the May 2010 average of $501,746.

The number of Kelowna/Central Okanagan sellers has increased.  The number of total residential listings by end of May was 1721 units over last month’s 1627 units.  How many SOLDS did we see?  May 2011 was the down compared to last year with only 168 units.  Average number of residential unit sales for the month of May is 262 units (average over past 10 years) – so we are low compared to an average May.  Days on market held steady with 86 days year to date.  As a percentage 9.76% of all residential listings sold this past month.

(1)    Source www.OMREB.com statistics – please verify if important

For more information on Kelowna Real Estate and the Kelowna Area please visit Trish Wise & Teresa Smith at www.trishwise.com.

April 2011 – Central Okanagan and Kelowna Real Estate Statistics

The Kelowna Residential real estate market decreased this month from a price perspective.  April 2011 average house price decreased 1.8% from $486,609 to $477,652 throughout the month. Average house price is down 5.72% from the April 2010 average of $506,643.

The number of Kelowna/Central Okanagan sellers has increased.  The number of total residential listings by end of April was 1627 units over last month’s 1524 units.  How many SOLDS did we see?  April 2011 was the down compared to last year with only 150 units.  Average number of residential unit sales for the month of April is 261 units (average over past 10 years) – so we are low compared to an average April.  Days on market held steady with 88 days year to date.  As a percentage 9.22% of all residential listings sold this past month.

(1)    Source www.OMREB.com statistics – please verify if important

For more information on the Kelowna Area and Kelowna Real Estate visit Trish Wise & Teresa Smith at www.trishwise.com