Kelowna real estate market - median residential price now & then

Kelowna real estate market median residential price over the past ten years was strongest in 2007. The greatest annual percentage gain re median residential price was realized in 2006.

YTD Nov median residential price is down this year by approx 10% compared to last year but note up approx 142% in contrast to 2000. If you have been in your home since 2000 - outstanding equity gain!

The Central Okanagan includes Beaverdell/Carmi, Black Mountain, Big White, Carr's Landing District, Dilworth Mountain, Ellison, Fintry, Glenrosa, Joe Ritchie, Kelowna North, Kelowna South, Lake Country East/Oyama, Lakeview Heights, Lower Mission, Lake Country West, North Glenmore, Peachland, Rutland North, Rutland South, Southeast Kelowna, Shannon Lake/Smith Creek, Springfield/Spall, University District, Upper Mission, Westbank, West Kelowna and the Westside.

TREND OF MEDIAN RESIDENTIAL PRICES OVER THE YEARS:

$424,000 ytd November 2009 (-10.36%)
$473,000 - 2008 (+7.74%)
$439,000 - 2007 (+18.65%)
$370,000 - 2006 (+20.7%)
$306,500 - 2005 (+16.1%)
$264,000 - 2004 (+20.41%)
$219,250 - 2003 (+18.01%)
$186,000 - 2002 (+6%)
$175,500 - 2001 (+0.6%)
$174,500 - 2000


Buying or selling - touch base with june@juneconway.com. 21+ "full time" years concluding happy property sales & purchases. My pleasure to assisst you: 1.888.657.7123 toll free direct to June or locally: 250.317.3136