Soaring Record Sales - 330 Homes SOLD!
New Record Average Price $472,555
We sold 330 homes in May (which represents over half of our total residential market) making it the best month ever for Kelowna. We are now 15% ahead of last year for numbers of sales YTD and 2006 was our best year ever before now. The inventory is down from last month to a total of 922 homes which is 13% higher than last year.  Our average price is at $472,555 for the month which is 19% higher than last year. The median price is at $438,500. 58% sells between $320-$480 thousand and 156 homes sold equaling 12% between $600,000 to one Million; 3 times more as last year. It takes about 50 days in the average to get a SOLD sign on your lawn. The market is busy and still going up. We are experiencing a lot of activity in the lower price range meaning up to $450,000. The condo market is getting stronger, 210 apartments and townhomes sold last month out of a total of 630 residential units or one third of the total residential market.
Single Family Average Price 2000 - 2007

Number of Sold Single Family Dwellings 2005 - 2007

Single Family Listing Inventory 2005 vs 2006 vs 2007

 
Feature Property
 
Perfect For Investors Or First Time Buyers

2 Bedrooms | 2 Baths | 1120 Sq Ft. | Built: 1980 (Renovated) | $223,800

584 McCurdy Rd - Rutland North

First time home buyers check this out! Fresh paint, granite counter, new laminate floors and carpet . 2 bedrooms, 2 baths townhome with walkout basement and fenced private yard. Family and pet friendly with low strata fees. Located near schools, bus route and entertainment venue. Ready for quick occupancy.