Nov. 4, 2022

Central Okanagan / Kelowna Real Estate Market Statistics: October 2022

Central Okanagan Real Estate Market Statistics: October 2022Central Okanagan / Kelowna Real Estate Market Summary:
October 2022

October 2022 Okanagan / Kelowna residential real estate market sales of single-family homes, townhomes and condos continued to experience significant declines compared with this time last year. New listings of single-family homes and townhomes continued to increase, while new condo listings declined slightly since October of last year. Prices continued to increase slightly for single-family homes and condos, while the average price of townhomes slightly decreased. Average days on market (DOM) significantly increased in October 2022 across all housing types.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 49% in October 2022 compared to October of 2021, with 126 homes sold in October 2022 versus October of 2021's 250.

The number of new listings of single-family homes in the Central Okanagan increased 9% this October since October of 2021, with 368 new residential listings this October compared to last October's 339 new listings.

The average price of single-family homes in the Central Okanagan increased 6% in October 2022 since October of last year, coming in at $1,091,603 versus October of 2021's $1,031,723. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 39% in October 2022 compared to October of 2021, with 46 DOM in October 2022 versus last October's 33 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 51% in October 2022 since October of 2021, with 45 townhomes sold this October versus last October's 91. 

The number of new townhome listings in the Central Okanagan increased 19% this October since October of 2021, with 126 new listings this October compared to last October's 106.

Surprisingly, the average price of townhomes in the Central Okanagan slightly decreased by 1% this October compared to October of last year, coming to $671,290 in October 2022 versus October of 2021's $677,672. 

The average days on market (DOM) of townhomes in the Central Okanagan significantly increased by 47% in October 2022 compared to October of last year, with 53 DOM in October 2022 versus October of 2021's 36 DOM.

Condos

Condo sales in the Central Okanagan decreased 39% in October of 2022 compared to October of last year, with 94 condos sold this October compared last October's 155. 

The number of new condo listings in the Central Okanagan decreased 9% in October 2022 compared to this time last year, with 167 new condo listings this October compared to 184 new listings last October.

The average prices of Central Okanagan condos increased 7% this October compared to October of 2021, coming in at $525,020 in October of 2022 compared to last October's $492,384.

The average days on market (DOM) of condos in the Central Okanagan experienced a significant increase of 50% in October 2022 compared with October of last year, with 54 DOM in October of 2022 versus last October's 37 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
Oct. 5, 2022

Central Okanagan / Kelowna Real Estate Market Statistics: September 2022

Central Okanagan Real Estate Market Statistics: September 2022Central Okanagan / Kelowna Real Estate Market Overview: September 2022

Residential real estate sales in the Central Okanagan / Kelowna real estate market continued to decline in September 2022 across all housing types. New listings of single-family homes and townhomes continue to rise, while new condo listings fell slightly since September of last year. Despite declines in home sales, prices continue to rise for all housing types, although only slightly for single-family homes. Average days on market (DOM) increased in September 2022 across all housing types, with a significant increase in DOM for single-family homes.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 36% in September 2022 compared to September of 2021, with 155 homes sold in September 2022 versus September of 2021's 242.

The number of new listings of single-family homes in the Central Okanagan increased 16% this September since September of 2021, with 401 new residential listings this September compared to last September's 347 new listings.

The average price of single-family homes in the Central Okanagan increased 6% in September 2022 since September of last year, coming in at $1,090,830 versus September of 2021's $1,028,021. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 66% in September 2022 compared to September of 2021, with 48 DOM in September 2022 versus last September's 29 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 37% in September 2022 since September of 2021, with 47 townhomes sold this September versus last September's 75. 

The number of new townhome listings in the Central Okanagan increased 19% this September since September of 2021, with 122 new listings this September compared to last September's 103.

The average price of townhomes in the Central Okanagan increased 17% this September compared to September of last year, coming to $787,794 in September 2022 versus September of 2021's $675,248. 

The average days on market (DOM) of townhomes in the Central Okanagan increased by 10% in September 2022 compared to September of last year, with 43 DOM in September 2022 versus September of 2021's 39 DOM.

Condos

Condo sales in the Central Okanagan decreased 37%  in September of 2022 compared to September of last year, with 102 condos sold this September compared last September's 163. 

The number of new condo listings in the Central Okanagan experienced a slight 2% decrease in September 2022 compared to this time last year, with 198 new condo listings this September compared to 202 new listings last September.

The average prices of Central Okanagan condos increased 23% this September compared to September of 2021, coming in at $585,664 in September of 2022 compared to last September's $475,605.

The average days on market (DOM) of condos in the Central Okanagan increased by 14% in September 2022 compared with September of last year, with 42 DOM in September of 2022 versus last September's 37 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
Sept. 6, 2022

Central Okanagan / Kelowna Real Estate Market Statistics: August 2022

Central Okanagan / Kelowna Real Estate Market Overview: August 2022Central Okanagan / Kelowna Real Estate Market Overview: August 2022

In August 2022, residential real estate sales in the Central Okanagan / Kelowna real estate market continued to fall while the number of listings rose across all housing types. Despite continued declines in sales, prices  are higher across all housing types compared with this time last year, with slight increases in the average price of single-family homes and townhomes and a significant increase in the average price of condos. Average days on market (DOM) increased in August 2022 across all housing types, with a significant increase in DOM for townhomes.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 28% in August 2022 versus August of 2021, with 170 homes sold in August 2022 versus August of 2021's 237.

The number of new listings of single-family homes in the Central Okanagan increased 25% this August compared to August of 2021, with 424 new residential listings this August compared to last August's 339 new listings.

The average price of single-family homes in the Central Okanagan increased 9% in August 2022 since August of last year, coming in at $1,046,552 versus August of 2021's $1,001,553. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 40% in August 2022 compared to August of 2021, with 42 DOM in August 2022 versus last August's 30 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 29% in August 2022 since August of 2021, with 54 townhomes sold this August versus last August's 76. 

The number of new townhome listings in the Central Okanagan experienced an increase of 16% this August since August of 2021, with 112 new listings this August compared to last August's 97.

The average price of townhomes increased 9% this August in the Central Okanagan compared to August of last year, coming to $746,631 in August 2022 versus August of 2021's $686,626. 

The average days on market (DOM) of townhomes in the Central Okanagan significantly increased by 84% in August 2022 compared to August of last year, with 57 DOM in August 2022 versus August of 2021's 31 DOM.

Condos

Condo sales in the Central Okanagan in August of 2022 decreased 25% compared to August of last year, with 126 condos sold this August compared last August's 167. 

The number of new condo listings in the Central Okanagan increased 28% in August 2022 compared to this time last year, with 221 new condo listings in August of 2022 compared to 173 new listings in August of 2021.

The average prices of Central Okanagan condos increased 52% this August compared to August of 2021, coming in at $682,653 in August of 2022 compared to last August's $447,896.

The average days on market (DOM) of condos in the Central Okanagan in August 2022 increased by 11%compared with August of last year, with 40 DOM in August of 2022 versus last August's 36 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
Aug. 15, 2022

Central Okanagan / Kelowna Real Estate Market Statistics: July 2022

Central Okanagan / Kelowna Real Estate Market Overview: July 2022Central Okanagan / Kelowna Real Estate Market Overview: July 2022

Residential real estate sales in the Central Okanagan / Kelowna real estate market continued to decline in July 2022 across all housing types, with significant declines in townhome and condo sales. Increases in interest rates and travel could be contributing factors to market activity being below normal for this time of year. The number of listings of single-family homes and condos increased compared with July 2021, while the number of new townhome listings were a bit lower than last year (4%). Despite decreased sales, prices for all housing types are higher compared with this time last year although only slightly for single-family homes and townhomes. Average days on market (DOM) continued to increase this July for single-family homes while declining for townhomes and remaining on par for condos when compared with July of 2021.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 8% in July 2022 versus July of 2021, with 124 homes sold in July 2022 versus July of 2021's 135.

The number of new listings of single-family homes in the Central Okanagan increased 48% this July compared to July of 2021, with 468 new residential listings this July compared to last July's 317 new listings.

The average price of single-family homes in the Central Okanagan increased 7% in July 2022 since July of last year, coming in at $1,077,431 versus July of 2021's $1,011,776. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 23% in July 2022 compared to July of 2021, with 37 DOM in July 2022 versus last July's 30 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 47% in July 2022 since July of 2021, with only 52 townhomes sold this July versus last July's 98. 

The number of new townhome listings in the Central Okanagan experienced a slight decrease of 4% this July since July of 2021, with 102 new listings in July of 2022 compared to last July's 106.

The average price of townhomes increased 5% this July in the Central Okanagan compared to July of last year, coming to $707,297 this July versus last July's $675,794. 

The average days on market (DOM) of townhomes in the Central Okanagan decreased 21% in July 2022 compared to July of last year, with 33 DOM in July 2022 versus July of 2021's 42 DOM.

Condos

Condo sales in the Central Okanagan in July of 2022 decreased 52% compared to July of last year, with only 85 condos sold this July compared last July's 176. 

The number of new condo listings in the Central Okanagan increased 12% in July 2022 compared to this time last year, with 208 new condo listings in July of 2022 compared to 186 new listings in July of 2021.

The average prices of Central Okanagan condos increased 19% this July compared to July of 2021, coming in at $517,384 in July of 2022 compared to last July's $434,484.

The average days on market (DOM) of condos in the Central Okanagan in July 2022 remained on par with July of last year, with 36 DOM in July of 2022 and 2021.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
June 14, 2022

Central Okanagan / Kelowna Real Estate Market Statistics: May 2022

Central Okanagan Real Estate Market Stats: May 2022Central Okanagan / Kelowna Real Estate Market Overview: May 2022

Similar to the previous month, residential real estate sales in the Central Okanagan / Kelowna real estate market continued to decline in May 2022 across all housing types. The number of listings of single-family and townhomes increased compared with May 2021, while the number of new condo listings were 10% lower than last year. While declining since last month, prices for all housing types are higher compared with this time last year; however, average days on market (DOM) is starting to increase for single-family homes and townhomes while continuing to decline for condos.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 28% in May 2022 versus May of 2021, with 243 homes sold in May 2022 versus May of 2021's 335.

The number of new listings of single-family homes in the Central Okanagan increased 32% this May compared to May of 2021, with 623 new residential listings this May compared to last May's 472 new listings.

The average price of single-family homes in the Central Okanagan increased 14% in May 2022 since May of last year, coming in at $1,139,144 versus May of 2021's $997,441. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 8% in May 2022 compared to May of 2021, with 26 DOM in May 2022 versus last May's 24 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 25% in May 2022 since May of 2021, with 91 townhomes sold this May versus last May's 122. 

The number of new townhome listings in the Central Okanagan increased 14% this May since May of 2021, with 179 new listings in May of 2022 compared to last May's 157.

The average price of townhomes increased 18% this May in the Central Okanagan compared to May of last year, coming to $768,155 this May versus last May's $652,933. 

The average days on market (DOM) of townhomes in the Central Okanagan increased 13% in May 2022 compared to May of last year, with 26 DOM in May 2022 versus May of 2021's 23 DOM.

Condos

Condo sales in the Central Okanagan in May of 2022 decreased 30% compared to May of last year, with 164 sold this May compared last May's 233. 

The number of new condo listings in the Central Okanagan decreased 10% in May 2022 compared to this time last year, with 234 new condo listings in May of 2022 compared to 261 new listings in May of 2021.

The average prices of Central Okanagan condos increased 19% this May compared to May of 2021, coming in at $518,637 in May of 2022 compared to last May's $437,245.

The average days on market (DOM) of condos in the Central Okanagan fell 17% in May 2022 compared to May of last year, with 25 DOM in May 2022 versus May of 2021's 30 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
May 10, 2022

Central Okanagan / Kelowna Real Estate Market Statistics: April 2022

Central Okanagan Real Estate Market Statistics: April 2022Central Okanagan / Kelowna Real Estate Market Overview:
April 2022

Residential real estate sales in the Central Okanagan / Kelowna real estate market continued to decrease across all housing types in April 2022. The number of listings of single-family and townhomes increased since this time last year, while condo listings continued to decline. Prices continue to substantially increase across the board, yet homes are being snatched from the market by buyers about twice as quickly as they were at this time last year.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 38% in April 2022 versus April of 2021, with 245 homes sold in April 2022 compared to April of 2021's 398.

The number of new listings of single-family homes in the Central Okanagan increased 18% this April compared to April of 2021, with 603 new residential listings this April versus last April's 511 new listings.

The average price of single-family homes in the Central Okanagan increased 28% in April 2022 since April of last year, coming in at $1,242,760 versus April of 2021's $974,471. 

The average days on market (DOM) of single-family homes in the Central Okanagan decreased 4% in April 2022 compared to April of 2021, with 22 DOM in April 2022 versus last April's 23 DOM.

Townhomes

Sale of Central Okanagan townhomes decreased 25% in April 2022 since April of 2021, with 95 townhomes sold this April versus last April's 127. 

The number of new townhome listings in the Central Okanagan increased 29% this April compared with April of last year, with 181 new listings in April of 2022 compared to last April's 140.

The average price of townhomes increased 21% this April in the Central Okanagan compared to April of last year, coming to $774,601 this April compared to last April's $641,003. 

The average days on market (DOM) of townhomes in the Central Okanagan decreased 50% in April 2022 compared to April of last year, with 19 DOM in April 2022 compared to April of 2021's 38 DOM.

Condos

Condo sales in the Central Okanagan in April of 2022 decreased 33% compared to April of last year, with 168 sold this April compared to last April's 249. 

The number of new condo listings in the Central Okanagan decreased 14% in April 2022 compared to this time last year, with 255 new condo listings in April of 2022 compared to 297 new listings in April of 2021.

The average prices of Central Okanagan condos increased 26% this April compared to April of 2021, coming in at $548,560 in April of 2022 compared to last April's $405,000.

The average days on market (DOM) of condos in the Central Okanagan fell 29% in April 2022 compared to April of last year, with 27 DOM in April 2022 versus April of 2021's 38 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
April 6, 2022

Central Okanagan Real Estate Market Statistics: March 2022

Central Okanagan Kelowna Real Estate Market Stats: March 2022Central Okanagan / Kelowna Real Estate Market Overview: March 2022

While home prices continue to rise, the Central Okanagan / Kelowna Real Estate Market is experiencing a shift, with fewer sales and an increased number of listings across most housing types. 

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 27% in March 2022 versus March of 2021, with 301 homes sold in March 2022 compared to March of 2021's 411.

The number of new listings of single-family homes in the Central Okanagan increased 15% this March compared to March of 2021, with 579 new residential listings this March versus last March's 505 new listings.

The average price of single-family homes in the Central Okanagan increased 38% in March 2022 since March of last year, coming in at an record of $1,281,050 versus March of 2021's $963,810. 

The average days on market (DOM) of single-family homes in the Central Okanagan decreased 33% in March 2022 compared to March of 2021, with 22 DOM in March 2022 versus last March's 33 DOM.

Townhomes

Sale of Central Okanagan Townhomes decreased 44% in March 2022 since March of 2021, with 83 townhomes sold this March versus last March's 148. 

The number of new townhome listings in the Central Okanagan this March remained mostly on par with March of 2021, with 153 new listings in March of 2022 compared to last March's 151.

The average price of townhomes increased 34% this March in the Central Okanagan compared to March of last year, coming to $860,573 this March compared to last March's $640,589. 

The average days on market (DOM) of townhomes in the Central Okanagan decreased 26% in March 2022 compared to March of last year, with 29 DOM in March 2022 compared to March of 2021's 39 DOM.

Condos

Condo sales in the Central Okanagan in March of 2022 decreased 25% compared to March of last year, with 201 sold this March compared last March's 267. 

The number of new condo listings in the Central Okanagan decreased 21% in March 2022 compared to this time last year, with 281 new condo listings in March of 2022 compared to 318 new listings in March of 2021.

The average prices of Central Okanagan condos increased 28% this March compared to March of 2021, coming in at $550,328 in March of 2022 compared to last March's $429,369.

The average days on market (DOM) of condos in the Central Okanagan fell 31% in March 2022 compared to March of last year, with 29 DOM in March 2022 versus March of 2021's 42 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
March 11, 2022

Central Okanagan Real Estate Market Statistics: February 2022

Central Okanagan Real Estate Market Statistics: February 2022Single-Family Residential Homes

Residential real estate sales in the Central Okanagan of single-family residential homes decreased 20% in February 2022 compared to February of 2021, with 231 homes sold in February 2022 versus February of 2021's 288.

The number of new listings of single-family homes in the Central Okanagan also decreased 10% this February since February of 2021, with 314 new listings this February versus last February's 349.

The average price of single-family homes in the Central Okanagan increased 38% in February 2022 compared to February of last year, coming in at an record of $1,251,713 versus February of 2021's $904,864. 

The average days on market (DOM) of single-family homes in the Central Okanagan decreased 37% in February 2022 compared to this time last year, with 27 DOM in February 2022 versus February of 2021's 43 DOM.

Townhomes

Central Okanagan townhome sales decreased 20% in February 2022 compared to February of 2021, with 99 townhomes sold this February versus last February's 124. 

The number of new townhome listings in the Central Okanagan also decreased by 20% this February compared to this time last year, with 99 new listings this February compared to last February's 124.

The average price of townhomes increased 25% this February in the Central Okanagan compared to February of last year, coming to $767,120 this February compared to last February's $569,000. 

The average days on market (DOM) of townhomes in the Central Okanagan decreased 34% in February 2022 compared to February of last year, with 29 DOM in February 2022 compared to February of 2021's 44 DOM.

Condos

Central Okanagan condo sales in February of 2022 decreased 9% compared to February of last year, with 167 sold this February compared last February's 183. 

The number of new condo listings in the Central Okanagan decreased 20% in February 2022 compared to this time last year, with 192 new condo listings in February of 2022 compared to 240 new listings in February of 2021.

The average prices of Central Okanagan condos increased 28% this February compared to February of 2021, coming in at $525,350 in February of 2022 compared to last February's $411,807.

The average days on market (DOM) of condos in the Central Okanagan fell 50% in February 2022 compared to February of last year, with 33 DOM in February 2022 versus February of 2021's 66 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
Feb. 9, 2022

Central Okanagan Real Estate Market Statistics: January 2022

Central Okanagan Real Estate Market Stats: January 2022

Single-Family Residential Homes

Central Okanagan real estate sales of single-family residential homes decreased 17% in January 2022 compared to January of 2021, with 157 homes sold in January 2022 versus January of 2021's 190.

The number of new listings of single-family homes in the Central Okanagan increased 5% this January since January of 2021, with 225 new listings this January compared to last January's 214.

The average price of Central Okanagan single-family homes increased 24% in January 2022 compared to January of last year, coming in at $1,096,289 versus January of 2021's $887,868. 

The average days on market (DOM) of single-family homes in the Central Okanagan decreased 38% in January 2022 compared to this time last year, with 37 DOM in January 2022 versus January of 2021's 60 DOM.

Townhomes

Central Okanagan townhome sales decreased 12% in January 2022 compared to January of 2021, with 67 townhomes sold this January versus last January's 76. 

The number of new townhome listings in the Central Okanagan decreased by 33% this January compared to this time last year, with 84 new listings this January compared to last January's 125.

The average price of townhomes increased by 19% this January in the Central Okanagan compared to January of last year, coming in at $707,445 this January compared to last January's $593,398. 

The average days on market (DOM) of townhomes in the Central Okanagan decreased 43% in January 2022 compared to January of last year, with 40 DOM in January 2022 compared to January of 2021's 70 DOM.

Condos

Central Okanagan condo sales in January of 2022 were only 1% higher than January of last year, with 107 sold this January compared to January of 2021's 106. 

The number of new condo listings in the Central Okanagan in January 2022 decreased 31% compared to this time last year, with 128 new condo listings in January of 2022 versus 185 in January of 2021.

The average prices of Central Okanagan condos increased 42% this January compared to January of 2021, coming in at $532,907 in January of 2022 compared to last January's $375,846.

The average days on market (DOM) of condos in the Central Okanagan fell 38% in January 2022 compared to January of last year, with 43 DOM in January 2022 versus January of 2021's 69 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports
Jan. 13, 2022

Central Okanagan Real Estate Market Statistics: December 2021

Central Okanagan Real Estate Market Statistics: December 2021Single-Family Residential Homes

Real estate sales of Central Okanagan single-family detached residential homes decreased 21% in December 2021 compared to December of 2020, with 153 homes sold in December 2021 versus December of 2020's 193.

The number of new listings of single-family detached residential homes in the Central Okanagan decreased 26% this December since December of 2020, with 132 new listings this December compared to last December's 179.

The average price of Central Okanagan single-family detached residential homes increased 18% in December 2021 compared to December of last year, coming in at $1,009,016 versus December of 2020's $854,387. 

The average days on market (DOM) of single-family detached residential homes in the Central Okanagan decreased 39% in December 2021 compared to this time last year, with 36 DOM in December 2021 versus December of 2020's 59 DOM.

Townhomes

Central Okanagan townhome sales decreased 21% in December 2021 compared to December of 2020, with 53 townhomes sold this December versus last December's 67. 

The number of new townhome listings in the Central Okanagan decreased by 44% this December compared to this time last year, with 43 new listings this December compared to last December's 77.

The average price of townhomes increased by 24% this December in the Central Okanagan compared to December of last year, coming in at $697,817 this December compared to last December's $561,224. 

The average days on market (DOM) of townhomes in the Central Okanagan decreased 19% in December 2021 compared to December of last year, with 51 DOM in December 2021 compared to December of 2020's 63 DOM.

Condos

Sales of Central Okanagan condos in December of 2021 were 7% higher than December of last year, with 109 sold this December compared to December of 2020's 102. 

The number of new condo listings in the Central Okanagan in December 2021 were on par with this time last year, with 113 new condo listings in December of 2021 and 2020.

The average prices of Central Okanagan condos increased 25% this December compared to December of 2020, coming in at $444,900 in December of 2021 compared to last December's $356,000.

The average days on market (DOM) of condos in the Central Okanagan fell 52% in December 2021 compared to December of last year, with 31 DOM in December 2021 versus December of 2020's 65 DOM.

Questions? Contact Jeff Creamer, Kelowna Realtor with Royal LePage Kelowna, by phone at 250-575-7112 or by email at jeff@shopkelownahomes.com.

Source: Association of Interior Realtors

Posted in Market Reports