2486 Homes Sold in 2006 in Kelowna and Area. Over 200/Month
2006 was a great year! Our average price went over $400,000 and is holding steady.  It ended up at $425,236 in December. In the last five months, the market changed pace and went into a more balanced market. Listings are up by 33% and sales are down by 21% in December 06 over December 05. Our sell-to-inventory ratio is now down to 13.8% from a high of over 30% this past spring.  Not too much change here as it took an average of 66 days to sell a home which tells us that the right priced homes sell faster. We are still experiencing double offers but more in the lower price range.
Monthly Sales 2002 - 2006

Average Prices 2002 - 2006

Listing Inventory 2005 vs 2006

 
Feature Property
     

2 Bedrooms | 2 Baths | 1644 SqFt | Over $50,000 in Upgrades | $549,000

#383-2365 Stillingfleet Rd. (Balmoral)

You will love living in this sparkling 2 bedroom plus den home backing onto greenbelt for extra peacefulness. This home boasts over $50,000 in upgrades! Features gorgeous gleaming hardwood floors, ceramic tiles, gourmet maple kitchen with large island and extra large designer pantry plus bright spacious nook. It also showcases tray plus 9 ft ceilings, skylight, full 6 foot basement, harmonious family room with fireplace, oversized garage, gated courtyard with night illumination and rear relaxing spacious patio complete with awning. This home is loaded with extras such as air conditioning, security system, built in vacuum and much more. Adult 45+ community.