central okanagan TOWNHOME - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 9.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 9% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 18% VS 2022
▲ 17% VS 2022
▼ 11% VS 2022
▼ 14% VS 2022
There were 400 townhome listings in the Central Okanagan in November, 1.5% above October and 18% higher than November 2022. November townhome sales decreased by 22% month-over-month, to 42, and were 17% above November 2022. The months of inventory for townhomes in the Central Okanagan, at 9.5, reflected a buyers' market. The townhome median price in November was $662,500, a 7% decrease from October and 14% below November 2022. The average sold price was $704,935, 6% below last month; the average PSF sale price was $404, down 9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$404 $704,935 $662,500 9.5 42 400
$443 $795,979 $770,000 939% 36 338
-9% -11% -14% 1.4% 17% 18%
$442 $752,453 $710,000 7.3 54 394
-9% -6% -7% 31% -22% 1.5%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
412
41
400
364
40
394
338
325
364
325
34
307
294
276
259
247
107
75
64
54
38
88
78
71
42
36
38
44
38
$770K
$720K
$710K
$706K
$708K
$700K
$695K
$687K
$685K
$665K
$663K
$653K
$630K
Nov-22
Oct-23
Nov-23
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
80
10
24+
24+
4+ bdrms
22.7
83
60
20
3 bdrms
40
197
9.5
8.8
11
20
2 bdrms
5.8
4.6
114
0
1
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 3 68 22.7 6 35 5.8 1 37 37.0 0 15 n/a 1 25 25.0 14 65 4.6 9 79 8.8 8 76 9.5
6
Copyright © December 13, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 13, 2023. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 6 ●
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