Central Okanagan / Kelowna Real Estate Market Summary: December 2023
Discover the latest trends in Central Okanagan / Kelowna real estate for December 2023. Here's a comprehensive breakdown of the market statistics for single-family homes, townhomes, and condos:
Single-Family Residential Homes:
- Sales declined by 4% compared to December 2022, with 82 homes sold in December 2023 versus 85 in December 2022.
- New listings decreased by 3%, totaling 123 new residential listings in December 2023 compared to 127 in December 2022.
- The average price experienced a slight 1% decrease, dropping to $1,005,010 in December 2023 from $1,017,202 in December 2022.
- The average days on market (DOM) remained steady at 62 days for both December 2023 and December 2022.
Townhomes:
- Sales of townhomes dropped by 19% from December 2022, with 29 townhomes sold in December 2023 against 36 sold in December 2022.
- New townhome listings surged by 55%, reaching 62 new listings in December 2023 compared to 40 in December 2022.
- The average price of townhomes decreased by 3%, settling at $697,324 in December 2023 versus $718,229 in December 2022.
- The average days on market (DOM) for townhomes decreased by 18% to 52 days in December 2023 compared to 63 days in December 2022.
Condos:
- Condo sales dipped by 4%, with 45 condos sold in December 2023 versus 47 sold in December 2022.
- New condo listings saw a notable increase of 36%, reaching 87 new listings in December 2023 compared to 64 in December 2022.
- The average price of condos decreased by 8% to $484,254 in December 2023 from $525,740 in December 2022.
- The average days on market (DOM) for condos rose by 7% to 53 days in December 2023 compared to 57 days in December 2022.
For more information or inquiries, get in touch with Jeff Creamer, your trusted Kelowna Realtor at Royal LePage Kelowna. Contact Jeff at 250-575-7112 or via email at jeff@shopkelownahomes.com.
View Last Month's Central Okanagan / Kelowna Real Estate Market Statistics
Source: Association of Interior Realtors
Stay informed about the evolving real estate landscape in Central Okanagan. For detailed insights and personalized guidance, reach out to Jeff Creamer, ensuring your real estate decisions are backed by expertise and local knowledge.