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Kelowna June Market Statistics

July 1, 2019

 

See the homes that have sold in the last 30 days by clicking the links at the bottom of the email.

  • 479  total Residential sales down 9% from 2018 of 524. Sales slowed down compared to May 2019 by 12%.

  • 1,112 New Listings were taken. There are 3,817 total listings (up 17% from 2018, up 2% from May 2019).

 

  • Median home sale price $645,000  (down 4.06% from June 2018)

  • Median apartment  condo sale price $339,000 (up 2% from June 2018)

  • Median townhouse sale price $480,000 (up 1% from June 2018)

  • Median mobile home sale price $150,000 (down 10% from June 2018)

Activity
 

Residential Homes

  • 213 Sales

  • 468 new listings

  • Current inventory at 1,309

  • 103 Days on the market

Townhome Sales

  • 80 sales

  • 154 new listings

  • Current inventory at 425

  • 56 days on the market




Apartment/Condo

  • 102  sales

  • 204 new listings

  • Current inventory at 676

  • 55 days on the market

Mobile Home

  • 25 sales

  • 51 new listings

  • Current inventory at 131.

  • 60 days on the market

Want to be emailed new listings as they come out? email markcoons@coldwellbanker.ca

 

 

National Housing Strategy
As part of the National Housing Strategy in June the Government of Canada introduced a new First Time Home Buyer incentive.

With this incentive, Government of Canada provides:

  • 5% of a first-time buyer’s purchase of existing homes

  • 5% or 10% of a first-time buyer’s purchase of a new build

The incentive is available to first-time homebuyers with qualified annual incomes of $120,000 or less. A participant’s insured mortgage and the incentive amount cannot be greater than four times the participant’s qualified annual income.
 

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