Oh my.....oh my......Kelowna real estate activity first six months over the past ten years

First half of 2010 shows Kelowna homes sales and average price have increased approx +22% and +13% respectively compared to same period last year. 2007 first six months realized the greatest total of home sales over the past then years thus 2010 is down approx -37% in comparision but up +9% approx in average home price.

Have a look at Okanagan Mainline Real Estate Board stats for Kelowna single family residences:

JAN - JUN

2010
738 total sales numbers
$536,724 average price for a single family residence
$160,000 lowest sale price
$5.5mil highest sale price

2009
603
$471,266
$188,000
$2.85mil

2008
812
$551,137
$218,800
$3.9mil

2007
1,177
$490,182
$170,000
$5.6mil

2006
980
$427,314
$165,000
$4.2mil

2005
1,003
$340,826
$85,000
$2.975mil

2004
1,002
$294,411
$81,500
$1.658mil

2003
887
$247,634
$87,000
$1.8mil

2002
928
$211,896
$51,000
$1.457mil

2001
693
$194,373
$70,000
$1.2mil

2000
613
$201,111
$75,000
$1.137mil

Kelowna's current market trend as we step into the second half of 2010 is showing a surge of new listings and lessening sale activity in contrast to same months last year. What does this all mean? Seller's have to pay more attention to how they price their home to sell in today's changing market. There are great advantages to buy and sell or both in Kelowna's changing real estate market. To find out how - contact june@juneconway.com OR 250.317.3136. This is her forte!

City of Kelowna includes the areas of Black Mountain*, Dilworth Mountain, Ellison*, Glenmore, Joe Riche*, Kelowna North, Kelowna South, Lower Mission, North Glenmore, Rutland North, Rutland South, Southeast Kelowna, Springfield/Spall, University District and Upper Mission. *Portions of fall under the jurisdiction of Regional District of Central Okanagan.