west kelowna TOWNHOME - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 9.9 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▼ 13% VS 2022
▼ 9% VS 2022
▼ 1.3% VS 2022
0.0% VS 2022
There were 79 townhome listings in West Kelowna in September, 10% above August and 1.3% lower than September 2022. September townhome sales decreased by 47% month-over-month, to 8, and were the same in September 2022. The months of inventory for townhomes in West Kelowna, at 9.9, reflected a buyers' market. The townhome median price in September was $612,500, a 3% increase from August and 9% below September 2022. The average sold price was $593,125, 9% below last month; the average PSF sale price was $423, up 5% 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
$423 $593,125 $612,500 9.9 8 79
$433 $680,469 $675,000 1000% 8 80
-2% -13% -9% -1.3% 0% -1.3%
15 72
5% -9% 3% 106% -47% 10%
$401 $652,667 $595,000 4.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
64
80
84
79
71
71
69
65
72
59
50
58
58
44
43
29
25
33
15
13
10
6
5
5
15
8
8
13
12
$757K
$760K
$738K
$723K
$700K
$685K
$675K
$680K
$670K
$655K
$613K
$595K
$560K
Sep-22
Aug-23
Sep-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.
20
10.0
4+ bdrms
18
15
8.0
3
3 bdrms
32
10
3.0
4
2 bdrms
5
29
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 4 12 3.0 2 16 8.0 2 20 10.0 0 15 n/a 0 6 n/a 0 5 n/a 0 1 n/a 0 4 n/a
Copyright © October 16, 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 October 16, 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. 15 ●
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