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Kelowna
216
single family homes sold in October — a
record month, only 1992 and 2002 were
higher. We are up 23% from October last
year and up 15% year to date. The
inventory for single family homes is at
1,036 which is similar to last month.
The average price of the 1,036 single
family residential units currently FOR
SALE is $676,000. Our SOLD average price
is $500,943 for the month which brings
the average year to date to $476,386.
The median price is at $424,090. Year to
date, 2,573 single family homes sold,
which represents an increase of 15% over
last year. Year to date 1,119 apartments
sold, which represents an increase of
29%. Year to date 667 townhouses have
sold which is an increase of 28%. Year
to date 5,016 total residential units
combined have sold, which represents an
increase of 17%. There are 2,373
combined residential units currently for
sale.
Major Cities Report
(forecasted average price 2007/2008)
Victoria
($465,000/$485,000): Real estate sales
soar in October
Vancouver
($571,000/$623,000): October housing
sales consistent with record highs
Kelowna
($415,000/$448,000): Third highest
October ever, a strong year in the
making.
Calgary
($418,000/$450,000): After some
decrease, the market reports to be
steady during the first part of the
fourth quarter of 2007.
Edmonton
($340,000/$360,000): Resale housing
market appears to now maintain
stability.
Saskatoon
($232,500/$265,000): Experiencing their
best year ever!
Winnipeg
($174,500/$189,000): Best October market
activity ever; Sales Up 15%.
Toronto
($371,000/$388,000): Best October ever
which pushes 2007 toward a strong finish |
