Kelowna real estate market numbers

Kelowna real estate market is not unlike other's across Canada which have to date experienced year-to-date stronger home sales numbers. Experts are saying changes to mortgage regulations, rising mortgage rates and July 1, 2010 harmonized sales tax have pulled forward a number of sales earlier in the year that would have otherwise taken place at a later date.

Kelowna ytd sale numbers and average home price is up +22.7% and +12.3% respectively from last year. June 1-24 home sales is down -21.3% compared to same time frame in 2009 however average home price up +11%. Is this lessenig of monthly sales an indication of Kelowna's real estate market "braking" and home prices "simmering"?

Kelowna real estate "real" numbers:

Total month home sale # AND average home price

JANUARY 2010 (below 2009)
90 - $517,537
43-$313,307

FEBRUARY
94-$533,539
55-$463,208

MARCH
129-$502,389
90-$432,347

APRIL
151-$537,303
121-$459,371

MAY
140-$539,090
136-$500,783

JUNE 1-24
103-$556,967
131-$501,337

JANUARY 1 to JUNE 24
707-$531,133
576-$472,742

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