the kelowna rennie advance | May 2024

highlights • O n am onth-over-m onth basis,m edian sold pricesin theCentralO kanagan (averaged acros hom e types)rose5%.Them edian sold priceforcondosincreased them ostat8%,versus6% for detached hom esand 1.5% fortownhom es. • O n ayear-over-yearbasis,m edian sold priceappreciation wasm orem odest,up an averageof2% acros hom etypes.Them edian sold priceforcondoswasup 6% folowed bydetached hom esat 4%.M edian sold pricesfortownhom esbucked thetrend with a3% declineyear-over-year. •

CENTRALOKANAGAN THERENNIEADVANCE median prices

APRIL2024

$1,200,000

Central Okanagan

$1,000,000

$980,000

$800,000

$600,000

+ 4% vsApr2023

$400,000

DETACHED median salesprice

$200,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● April

$1,000,000

Central Okanagan

$800,000

$680,000

$600,000

$400,000

- 3% vsApr2023

TOWNHOME median salesprice

$200,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● April

$600,000

Central Okanagan

$500,000

$475,000

$400,000

$300,000

+ 6% vsApr2023

$200,000

CONDO median salesprice

$100,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● April

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