Total Sales
Sales in Central Okanagan were down to 187 total sales which was the lowest amount of sales per month, this however, is partly due to the normal seasonal slowdown. December 2018 had a total of 200 sales, the five-year average is 307 sales.
Active Listings
At the end of December, there were 1720 active listings which are down from 2120 in November. This is double what it was last year at this time at 883. Total listings are still low especially when you compare it with the 5-year average.
Days to Sell
The median days to sell in December 2022, crept up to 51 days from 40 in November. The 5- year average is 49 days which is not to far off for the time of year and keep in mind the people that relist are not accounted in this. The average days to sell was 61 which actually is down from the 5-year average of 68 days.
Months of Inventory
The overall months of inventory on the market right now is 9.2 months which is erring to the buyer’s market. The months of inventory have steadily increased in 2022 from the low in February of 1.58 months. Keep in mind the with the seasonal slowdown it is normal to increase this time of year.
Single-Family
Sales 91
New Listings 134
Current Inventory 850
Median Days to Sell 49
Average Days to Sell 63
Months of Inventory 9.34
Average Sale Price $1,099,276
Total Volume Sold $100,034,142
Townhome
Sales 36
New Listings 37
Current Inventory 221
Median Days to Sell 56
Average Days to Sell 62
Months of Inventory 6.14
Average Sale Price $723,784
Total Volume Sold $26,056,235
Condo’s
Sales 47
New Listings 63
Current Inventory 374
Median Days to Sell 49
Average Days to Sell 49
Months of Inventory 7.96
Average Sale Price $525,740
Total Volume Sold $24,709,800
Community Connection
What’s happening in our community?
For all the events in Kelowna click HERE.
For all the events in West Kelowna click HERE
For all the events in Peachland click HERE
Mark Coons
PERSONAL REAL ESTATE CORPORATION
Maddie Coons
REALTOR®