Central Okanagan / Kelowna Real Estate Market Summary: August 2023

Residential sales and the number of new listings in the Central Okanagan / Kelowna area declined year-over-year in August 2023 for single family homes and condos, while increasing for townhomes. Average prices rose for single family homes while declining for townhomes and condos. Average days on market (DOM) continued to rise for single family homes and condos while decreasing for townhomes. Although showing some slight declines in sales and listings, real estate activity overall has remained mostly steady despite wildfire activity within the region.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan declined 7% in August 2023 compared to August of 2022, with 157 homes sold in August 2023 compared to August of 2022's 168.

The number of new listings of single-family homes in the Central Okanagan also declined in August 2023, decreasing 6%, with 390 new residential listings this August compared to last August's 427 new listings.

The average price of single-family homes in the Central Okanagan increased 5% in August 2023 since August of last year, coming to $1,088,641 in August of 2023 set against August of 2022's $1,041,452. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 9% this August compared to August of last year, with 47 DOM this August compared to last August's 43 DOM.

Townhomes

Sales of Central Okanagan townhomes rose 24% in August 2023 since August of 2022, with 67 townhomes sold in August of 2023 versus August of 2022's 54. 

The number of new townhome listings in the Central Okanagan increased 6% this August since August of 2022, with 118 new listings this August compared to last August's 111.

The average price of townhomes in the Central Okanagan fell 4% this August compared to August of last year, coming to $716,351 in August of 2023 set against August of 2022's $746,631. 

The average days on market (DOM) of townhomes in the Central Okanagan declined by 4% this August since August of last year, with 45 DOM in August of 2023 compared to 47 DOM in 2022.

Condos

Condo sales in the Central Okanagan decreased 21% in August of 2023 since August of 2022, with 100 condos sold this August set against last August's 126. 

The number of new condo listings in the Central Okanagan decreased 16% in August 2023 since this time last year, with 186 new condo listings this August versus 220 new listings last August.

The average price of Central Okanagan condos fell 28% this August compared to August of 2022, coming in at $493,395 in August of 2023 compared to last August's $682,653.

The average days on market (DOM) of condos in the Central Okanagan increased by 50% in August 2023 since August of last year, with 50 DOM in August of 2023 compared to last August's 40 DOM.

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

View Last Month's Central Okanagan / Kelowna Real Estate Market Statistics

Source: Association of Interior Realtors

Central Okanagan / Kelowna Real Estate Market Summary: July 2023

Residential sales in Central Okanagan / Kelowna increased in July year-over-year across all housing types, with the largest increases in condo sales (46%) and single-family home sales (45%). The number of new listings increased year-over-year across all housing types, with the largest increase in townhome listings (61%). Average prices rose slightly for single-family homes (2%) and townhomes (4%) while decreasing slightly for condos (3%). Average days on market (DOM) continued to rise year-over-year for all housing types, with the greatest increase in condo DOM (28%).

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan increased 45% in July 2023 compared to July of 2022, with 180 homes sold in July 2023 compared to July of 2022's 124.

The number of new listings of single-family homes in the Central Okanagan decreased 2% in July 2023 versus July of 2022, with 455 new residential listings this July set against last July's 466 new listings.

The average price of single-family homes in the Central Okanagan increased 2% in July 2023 since July of last year, coming to $1,103,313 in July of 2023 compared to July of 2022's $1,077,431. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 11% this July compared to July of last year, with 41 DOM this July versus last July's 37 DOM.

Townhomes

Sales of Central Okanagan townhomes increased 37% in July 2023 since July of 2022, with 70 townhomes sold in July of 2023 compared to July of 2022's 51. 

The number of new townhome listings in the Central Okanagan increased 61% this July since July of 2022, with 167 new listings this July set against last July's 104.

The average price of townhomes in the Central Okanagan rose 4% this July compared to July of last year, coming to $721,666 in July of 2023 versus July of 2022's $697,636. 

The average days on market (DOM) of townhomes in the Central Okanagan increased by 15% this July since July of last year, with 38 DOM in July of 2023 compared to 33 DOM in 2022.

Condos

Condo sales in the Central Okanagan increased 46% in July of 2023 compared to July of 2022, with 124 condos sold this July versus last July's 85. 

The number of new condo listings in the Central Okanagan increased 16% in July 2023 since this time last year, with 239 new condo listings this July set against 207 new listings last July.

The average price of Central Okanagan condos decreased 3% this July compared to July of 2022, coming in at $502,793 in July of 2023 compared to last July's $517,384.

The average days on market (DOM) of condos in the Central Okanagan rose by 28% in July 2023 since July of last year, with 46 DOM in July of 2023 compared to last July'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.

View Last Month's Central Okanagan / Kelowna Real Estate Market Statistics

Source: Association of Interior Realtors

Central Okanagan / Kelowna Real Estate Market Summary: June 2023

Central Okanagan / Kelowna residential sales increased in June year-over-year across all housing types, with the largest increases in single-family home sales (46%) and condo sales (39%). The number of new listings fell across all housing types, with the largest decrease in townhome listings (25%). Average prices declined slightly for single-family homes (6%) and condos (3%) while increasing for townhomes (8%). Average days on market (DOM) continued to climb year-over-year for all housing types, with townhomes increasing most significantly (96%).

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan increased 46% in June 2023 compared to June of 2022, with 231 homes sold in June 2023 versus June of 2022's 158.

The number of new listings of single-family homes in the Central Okanagan decreased 5% in June 2023 compared to June of 2022, with 601 new residential listings this June set against last June's 630 new listings.

The average price of single-family homes in the Central Okanagan declined 6% in June 2023 since June of last year, coming to $1,084,093 in June of 2023 compared to June of 2022's $1,153,114. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 47% this June compared to June of last year, with 44 DOM this June versus last June's 30 DOM.

Townhomes

Sales of Central Okanagan townhomes increased 8% in June 2023 since June of 2022, with 83 townhomes sold in June of 2023 compared to June of 2022's 77. 

The number of new townhome listings in the Central Okanagan declined 25% this June since June of 2022, with 154 new listings this June versus last June's 206.

The average price of townhomes in the Central Okanagan rose 8% this June compared to June of last year, coming to $741,828 in June of 2023 versus June of 2022's $694,794. 

The average days on market (DOM) of townhomes in the Central Okanagan significantly increased by 96% this June versus June of last year, with 49 DOM in June of 2023 balanced against 25 DOM in 2022.

Condos

Condo sales in the Central Okanagan increased 39% in June of 2023 compared to June of 2022, with 142 condos sold this June compared to last June's 102. 

The number of new condo listings in the Central Okanagan decreased 4% in June 2023 since this time last year, with 259 new condo listings this June versus 270 new listings last June.

The average price of Central Okanagan condos decreased 3% this June compared to June of 2022, coming in at $492,425 in June of 2023 balanced against last June's $505,412.

The average days on market (DOM) of condos in the Central Okanagan rose by 36% in June 2023 since June of last year, with 45 DOM in June of 2023 compared to last June's 33 DOM.

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

View Last Month's Central Okanagan / Kelowna Real Estate Market Statistics

Source: Association of Interior Realtors

Central Okanagan / Kelowna Real Estate Market Summary: May 2023

After experiencing declines in sales over the past several months, Central Okanagan / Kelowna residential sales of single-family homes and townhomes experienced a modest turn around in May 2023, increasing by 3% and 7%, respectively, compared to this time last year, while condo sales declined. The number of new listings fell since last May for single-family homes and townhomes while increasing only slightly for condos. Average prices continued to decline slightly for single-family homes and townhomes while increasing a bit for condos. Average days on market (DOM) continued to increase year-over-year across all housing types, with condos experiencing the most significant increase (108%).

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan experienced a small increase of 3% in May 2023 compared to May of 2022, with 249 homes sold in May 2023 set against May of 2022's 243.

The number of new listings of single-family homes in the Central Okanagan decreased 18% in May 2023 compared to May of 2022, with 512 new residential listings this May versus last May's 625 new listings.

The average price of single-family homes in the Central Okanagan declined slightly by 2% in May 2023 since May of last year, coming in at $1,112,576 compared to May of 2022's $1,139,134. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased by 81% in May 2023 since May of 2022, with 47 DOM this May versus last May's 26 DOM.

Townhomes

Sales of Central Okanagan townhomes increased 7% in May 2023 since May of 2022, with 97 townhomes sold this May compared to last May's 91. 

The number of new townhome listings in the Central Okanagan declined 19% this May since May of 2022, with 144 new listings this May versus last May's 178.

The average price of townhomes in the Central Okanagan decreased 8% this May compared to May of last year, coming to $705,962 in May of 2023 versus May of 2022's $768,155. 

The average days on market (DOM) of townhomes in the Central Okanagan increased 58% this May versus May of last year, with 41 DOM in May of 2023 balanced against 26 DOM in 2022.

Condos

Condo sales in the Central Okanagan fell 13% in May of 2023 compared to May of last year, with 143 condos sold this May compared to last May's 164. 

The number of new condo listings in the Central Okanagan experienced a slight 3% increase in May 2023 compared to this time last year, with 239 new condo listings this May versus 233 new listings last May.

The average price of Central Okanagan condos slightly increased by 1% this May compared to May of 2022, coming in at $524,882 in May of 2023 versus last May's $518,637.

The average days on market (DOM) of condos in the Central Okanagan substantially rose by 108% in May 2023 since May of last year, with 52 DOM in May of 2023 compared to last May's 25 DOM.

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

View Last Month's Central Okanagan / Kelowna Real Estate Market Statistics

Source: Association of Interior Realtors

Central Okanagan / Kelowna Real Estate Market Summary: April 2023

Although increasing month-over-month and outpacing current supply, Okanagan / Kelowna residential real estate sales in April 2023 continued to decrease year-over-year across all housing types, with the largest decline in townhome sales (25%). The number of new listings for all housing types is also down from April last year, with townhomes also having the largest decline in the number of new listings (26%). Average prices continued to decrease across all housing types, with townhomes having the largest decrease in price (18%). Average days on market (DOM) continued to increase year-over-year across all housing types, with townhomes experiencing the most significant increase since last year (158%) and single-family homes close behind (152%).

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 23% in April 2023 compared to April of 2022, with 186 homes sold in April 2023 versus April of 2022's 243.

The number of new listings of single-family homes in the Central Okanagan fell 24% in April 2023 versus April of 2022, with 387 new residential listings this April compared to last April's 605 new listings.

The average price of single-family homes in the Central Okanagan declined 12% in April 2023 since April of last year, coming in at $1,083,027 versus April of 2022's $1,229,760. 

The average days on market (DOM) of single-family homes in the Central Okanagan substantially increased by 152% in April 2023 compared to April of 2022, with 53 DOM this April versus last April's 21 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 25% in April 2023 since April of 2022, with 71 townhomes sold this April compared to last April's 95. 

The number of new townhome listings in the Central Okanagan declined 26% this April since April of 2022, with 134 new listings this April versus last April's 181.

The average price of townhomes in the Central Okanagan decreased 18% this April compared to April of last year, coming to $696,146 in April of 2023 balanced against April of 2022's $774,601. 

The average days on market (DOM) of townhomes in the Central Okanagan increased 158% this April compared with April of last year, with 49 DOM in April of 2023 versus 19 DOM in 2022.

Condos

Condo sales in the Central Okanagan fell 21% in April of 2023 compared to April of last year, with 133 condos sold this April compared to last April's 168. 

The number of new condo listings in the Central Okanagan decreased 21% in April 2023 compared to this time last year, with 201 new condo listings this April versus 255 new listings last April.

The average price of Central Okanagan condos declined 11% this April compared to April of 2022, coming in at $490,683 in April of 2023 compared to last April's $548,560.

The average days on market (DOM) of condos in the Central Okanagan rose 82% in April 2023 compared to April of last year, with 49 DOM in April of 2023 versus last April's 24 DOM.

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

View Last Month's Central Okanagan / Kelowna Real Estate Market Statistics

Source: Association of Interior Realtors

Central Okanagan / Kelowna Real Estate Market Summary: March 2023

March 2023 Okanagan / Kelowna residential real estate sales of single family homes, townhomes, and condos continued to fall year-over-year. Although higher than last month, the number of new listings for all housing categories is also down from March last year, with the largest decline in listings of single-family homes. Average prices continued to decrease across all housing types, with the largest decreases in the average price of townhomes (21%). Average days on market (DOM) saw substantial increases year-over-year across all housing types, with single-family homes experiencing the most significant increase since last year (150%).

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased by 40% in March 2023 since March of 2022, with 180 homes sold in March 2023 versus March of 2022's 300.

The number of new listings of single-family homes in the Central Okanagan decreased by 24% in March 2023 versus March of 2022, with 441 new residential listings this March compared to last March's 581 new listings.

The average price of single-family homes in the Central Okanagan decreased by 13% in March 2023 since March of last year, coming in at $1,086,923 compared to March of 2022's $1,251,987. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased significantly by 150% in March 2023 compared to March of 2022, with 55 DOM this March compared to last March's 22 DOM.

Townhomes

Sales of Central Okanagan townhomes declined by 30% in March 2023 since March of 2022, with 58 townhomes sold this March versus last March's 83. 

The number of new townhome listings in the Central Okanagan decreased 15% this March since March of 2022, with 128 new listings this March versus last March's 151.

The average price of townhomes in the Central Okanagan decreased by 21% this March since March of last year, coming to $860,573 in March of 2023 compared to March of 2022's $679,141. 

The average days on market (DOM) of townhomes in the Central Okanagan increased by 45% this March compared with March of last year, with 42 DOM in March of 2023 versus 29 DOM in 2022.

Condos

Condo sales in the Central Okanagan decreased by 35% in March of 2023 compared to March of last year, with 130 condos sold this March compared last March's 201. 

The number of new condo listings in the Central Okanagan decreased by 18% in March 2023 compared to this time last year, with 229 new condo listings this March compared to 280 new listings last March.

The average price of Central Okanagan condos decreased 13% this March compared to March of 2022, coming in at $478,830 in March of 2023 compared to last March's $550,328.

The average days on market (DOM) of condos in the Central Okanagan significantly increased by 97% in March 2023 compared to March of last year, with 57 DOM in March of 2023 versus last March's 29 DOM.

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

View Last Month's Central Okanagan / Kelowna Real Estate Statistics

Source: Association of Interior Realtors

Central Okanagan / Kelowna Real Estate Market Summary: February 2023

February 2023 Okanagan / Kelowna residential real estate sales of single-family homes, townhomes, and condos continued to experience declines across all housing types when compared to last year. The number of new listings for all housing types only decreased slightly since last year. Average prices are starting to decrease across the board, with only a slight decrease in the average price of townhomes and slightly larger increases in single-family homes and condos (15% and 11%, respectively). Average days on market (DOM) continued to rise substantially year-over-year across all housing types, with condos experiencing the most significant increase (130%).

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased by 47% in February 2023 compared to February of 2022, with 123 homes sold in February 2023 versus February of 2022's 231.

The number of new listings of single-family homes in the Central Okanagan slightly decreased in February 2023 compared to February of 2022, with 311 new residential listings this February compared to last February's 314 new listings.

The average price of single-family homes in the Central Okanagan decreased by 15% in February 2023 since February of last year, coming in at $1,061,756 versus February of 2022's $1,251,713. 

The average days on market (DOM) of single-family homes in the Central Okanagan significantly increased by 126% in February 2023 compared to February of 2022, with 61 DOM this February versus last February's 27 DOM; however, DOM is decreasing month-over-month.

Townhomes

Sales of Central Okanagan townhomes significantly declined by 60% in February 2023 since February of 2022, with 39 townhomes sold this February versus last February's 98. 

The number of new townhome listings in the Central Okanagan decreased 3% this February since February of 2022, with 96 new listings this February compared to last February's 99.

The average price of townhomes in the Central Okanagan slightly decreased by .6% this February compared to February of last year, coming to $760,867 in February of 2023 versus February of 2022's $765.070. 

The average days on market (DOM) of townhomes in the Central Okanagan increased by 68% this February compared with February of last year, with 42 DOM in February of 2023 versus 25 DOM in 2022.

Condos

Condo sales in the Central Okanagan decreased by 56% in February of 2023 compared to February of last year, with 74 condos sold this February compared last February's 167. 

The number of new condo listings in the Central Okanagan only slightly decreased by 1% in February 2023 compared to this time last year, with 190 new condo listings this February compared to 192 new listings last February.

The average price of Central Okanagan condos decreased 11% this February compared to February of 2022, coming in at $469,511 in February of 2023 compared to last February's $525,350.

The average days on market (DOM) of condos in the Central Okanagan significantly increased by 130% in February 2023 compared with February of last year, with 76 DOM in February of 2023 versus last February's 33 DOM.

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

View Last Month's Central Okanagan / Kelowna Real Estate Market Statistics

Source: Association of Interior Realtors

Central Okanagan / Kelowna Real Estate Market Summary: January 2023

January 2023 Okanagan / Kelowna residential real estate sales of single-family homes, townhomes and condos continued to significantly decline across the board. Conversely, the number of new listings increased across all housing types, with the greatest increase in the number of new condo listings. For the first time in several months, the average price of single family homes and condos actually decreased, with only townhomes experiencing a small increase in price. Average days on market (DOM) continued to significantly increase in January 2023 across all housing types, with single family homes experiencing the most significant increase. 

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan drastically decreased by 60% in January 2023 compared to January of 2022, with only 63 homes sold in January 2023 versus January of 2022's 157.

The number of new listings of single-family homes in the Central Okanagan increased by 8% this January since January of 2022, with 244 new residential listings this January compared to last January's 225 new listings.

The average price of single-family homes in the Central Okanagan experienced a decrease of 14% in January 2023 versus January of last year, coming in at $947,774 versus January of 2022's $1,098,337. 

The average days on market (DOM) of single-family homes in the Central Okanagan significantly increased by 125% in January 2023 compared to January of 2022, with 81 DOM this January versus last January's 36 DOM.

Townhomes

Sales of Central Okanagan townhomes declined 46% in January 2023 since January of 2022, with 36 townhomes sold this January versus last January's 67. 

The number of new townhome listings in the Central Okanagan increased 24% this January since January of 2022, with 104 new listings this January compared to last January's 84.

The average price of townhomes in the Central Okanagan increased by 8% this January compared to January of last year, coming to $719,898 in January of 2023 versus January of 2022's $667,000. 

The average days on market (DOM) of townhomes in the Central Okanagan increased by 51% this January compared with January of last year, with 56 DOM in January of 2023 versus 37 DOM in 2022.

Condos

Condo sales in the Central Okanagan decreased by 50% in January of 2023 compared to January of last year, with 52 condos sold this January compared last January's 103. 

The number of new condo listings in the Central Okanagan increased 33% in January 2023 compared to this time last year, with 172 new condo listings this January compared to 129 new listings last January.

The average price of Central Okanagan condos decreased 12% this January compared to January of 2022, coming in at $470,173 in January of 2023 compared to last January's $533,004.

The average days on market (DOM) of condos in the Central Okanagan increased by 51% in January 2023 compared with January of last year, with 65 DOM in January of 2023 versus last January's 43 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

Central Okanagan / Kelowna Real Estate Market Summary: December 2022

Sales of Okanagan / Kelowna residential real estate single-family homes, townhomes and condos continued to fall in December 2022, with the most significant decline in condo sales. The number of new listings also fell across all housing types, with the greatest decline in new condo listings. Despite these declines, prices continued to increase, although only slightly, across all housing types. Average days on market (DOM) significantly increased in December 2022 across all housing types, with the most substantial increase in DOM in condo sales. The Christmas season can influence these numbers greatly, with buyers and sellers focusing more on Christmas shopping than home shopping throughout the month.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 43% in December 2022 compared to December of 2021, with 86 homes sold in December 2022 versus December of 2021's 152.

The number of new listings of single-family homes in the Central Okanagan decreased 3% this December since December of 2021, with 128 new residential listings this December compared to last December's 132 new listings.

The average price of single-family homes in the Central Okanagan experienced a slight 1% increase in December 2022 versus December of last year, coming in at $1,022,234 versus December of 2021's $1,010,128. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 68% in December 2022 compared to December of 2021, with 64 DOM this December versus last December's 38 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 32% in December 2022 since December of 2021, with 36 townhomes sold this December versus last December's 53. 

The number of new townhome listings in the Central Okanagan decreased 5% this December since December of 2021, with 41 new listings this December compared to last December's 43.

The average price of townhomes in the Central Okanagan increased by 4% this December compared to December of last year, coming to $723,784 in December of 2022 versus December of 2021's $697,817. 

The average days on market (DOM) of townhomes in the Central Okanagan increased by 55% this December compared with December of last year, with 62 DOM in December of 2022 versus 40 DOM in 2021.

Condos

Condo sales in the Central Okanagan decreased by 57% in December of 2022 compared to December of last year, with 47 condos sold this December compared last December's 109. 

The number of new condo listings in the Central Okanagan decreased 43% in December 2022 compared to this time last year, with 64 new condo listings this December compared to 113 new listings last December.

The average prices of Central Okanagan condos increased 3% this December compared to December of 2021, coming in at $525,740 in December of 2022 compared to last December's $509,335.

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

Central Okanagan / Kelowna Real Estate Market Summary: November 2022

Okanagan / Kelowna residential real estate market sales of single-family homes, townhomes and condos continued to decline in November 2022, coming in at around 50% less than this time last year across all housing types. The number of new listings also declined across all housing types, with the number of new condo listings having the largest decline (18%). Home prices rose across all housing types, while only slightly for single-family homes. Average days on market (DOM) significantly increased in November 2022 for single-family homes and condos, while DOM for townhomes remained on par with last year.

Single-Family Residential Homes

Residential real estate sales of single-family residential homes in the Central Okanagan decreased 52% in November 2022 compared to November of 2021, with 120 homes sold in November 2022 versus November of 2021's 252.

The number of new listings of single-family homes in the Central Okanagan decreased 8% this November since November of 2021, with 210 new residential listings this November compared to last November's 226 new listings.

The average price of single-family homes in the Central Okanagan experienced a slight 1% increase in November 2022 versus November of last year, coming in at $1,073,250 versus November of 2021's $1,063,538. 

The average days on market (DOM) of single-family homes in the Central Okanagan increased 58% in November 2022 compared to November of 2021, with 57 DOM this November versus last November's 36 DOM.

Townhomes

Sales of Central Okanagan townhomes decreased 49% in November 2022 since November of 2021, with 34 townhomes sold this November versus last November's 67. 

The number of new townhome listings in the Central Okanagan decreased 8% this November since November of 2021, with 72 new listings this November compared to last November's 78.

The average price of townhomes in the Central Okanagan slightly increased by 12% this November compared to November of last year, coming to $776,996 in November of 2022 versus November of 2021's $692,420. 

The average days on market (DOM) of townhomes in the Central Okanagan this November remained on par with November of last year, with 51 DOM in November of 2022 and 2021.

Condos

Condo sales in the Central Okanagan decreased by 50% in November of 2022 compared to November of last year, with 72 condos sold this November compared last November's 164. 

The number of new condo listings in the Central Okanagan decreased 18% in November 2022 compared to this time last year, with 146 new condo listings this November compared to 178 new listings last November.

The average prices of Central Okanagan condos increased 7% this November compared to November of 2021, coming in at $537,024 in November of 2022 compared to last November's $502,567.

The average days on market (DOM) of condos in the Central Okanagan increased 39% in November 2022 compared with November of last year, with 51 DOM in November of 2022 versus last November's 31 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