the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, AND PRICING TRENDS FOR KELOWNA’S HOUSING MARKET
published September 2023
table of contents
Welcome to the latest edition of the rennie review, which provides a detailed look at the Central Okanagan’s housing market. In this report, we examine the most recent MLS data for the region, including city- and neighbourhood-level stats. Our thoughts are with those affected by the recent wildfires that impacted Kelowna, West Kelowna, and surrounding communities.
02 INTRO
03 WHAT YOU NEED TO KNOW
04 FEATURED LISTINGS
05 CENTRAL OKANAGAN
08 CITY OF KELOWNA
11 DOWNTOWN KELOWNA
Ryan Berlin SENIOR ECONOMIST VICE PRESIDENT, INTELLIGENCE rberlin@rennie.com
Ryan Wyse LEAD ANALYST & MARKET INTELLIGENCE MANAGER rwyse@rennie.com
14 WEST KELOWNA
17 AREA MAP
2 Copyright ©️ 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 Aug 18, 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 2 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
A conditions prediction comes to fruition The Central Okanagan’s housing market tipped back into balanced territory in July as rising interest rates keep buyers on the sidelines. Slowing sales has allowed inventory to inch closer to typical levels.
Given that sales counts decreased further in July while listings further swelled, it shouldn’t come as much of a surprise that the region moved squarely back into balanced-market territory, with 6.5 months of inventory (or MOI) available in July (an MOI of less than 5 reflects a sellers’ market; 5-8 MOI reflects balanced conditions; and an MOI over 8 reflects a buyers’ market). We should note that on a home-type basis, the detached segment was the only balanced product type in July (with an MOI of 7.2), as condos and townhomes remained in sellers’ market territory (for the time being) with MOIs of 4.3 and 4.8, respectively. With the cost of borrowing increasing again in July and market conditions tilting away from sellers, the median sold price in the Central Okanagan declined 2% from June. That said, price changes reflected market conditions when considered on a home-type basis, with the median sold price of detached homes down 2% versus June (to $970,000), while condo prices were up 0.9% (to $467,500) and townhomes were 0.04% higher (to $710,000). As we move through the balance of summer and into fall, expect the current macroeconomic environment (namely interest rates, inflation, and the labour market) to continue to weigh on housing market activity in the near term, and for sales counts to remain below that of their typical seasonal levels.
last July’s historically suppressed total, it’s still 24% below the past 10- year average. Further, sales declined by 19% from June to July, right as the most recent interest rate increase was announced; typically, the seasonal pattern is a 4% decrease in sales counts between these two months. With fewer sales occurring last month, inventory was again able to expand. In fact, total listings rose by 7% in July to 2,766—notably, this is in contrast to what is a normally-stagnating supply of homes in the summer, with the typical June-to-July pattern being no change in active listings. Inventory remained below the past-decade average in July, but by just 4%, as the margin has been shrinking of late.
We noted in this space last month that the sellers’ market in Kelowna, which only began in May, was likely to be short-lived. Indeed, that prediction came to fruition in July, with market conditions in the Central Okanagan housing market tipping back into balanced territory. After consecutive interest rate increases from the Bank of Canada in June and July and inflation hovering just outside the Bank’s target range, macroeconomic factors are having an outsized influence on local housing markets and keeping more and more would-be buyers on the sidelines. Digging into the numbers, there were 423 MLS transactions in the Central Okanagan region in July. And while this may have been 39% higher than
3 Copyright ©️ 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 Aug 18, 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 2 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.
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604.459.7778 rbreckwoldt@rennie.com rennie.com/robbreckwoldt
Copyright ©️ 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 Aug 18, 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 2 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. 4
centralokanagan DETACHED |JULY2023
TOTAL LISTINGS ▲ 4% VS 202
MONTHS OF INVENTORY 7.2 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 6% VS 202
▼ 8% VS 202
▲ 44% VS 202
Therew ere1,391 detached listingsin theCentral O kanagan in July,6% higherthan Juneand 4% aboveJuly 2022.
July detached hom esalesdecreased by 21% m onth-over-m onth,to192,and were44% aboveJuly2022.
THISMONTH No. $1,141,715 $970,000 7.2 192 1,391
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere7.2m onthsofinventoryfordetached hom esin July,reflecting balanced m arketconditions.
$1,173,393 $971,250 5.4 244 1,313
-3% -0.1% 35% -21% 6%
$1,210,312 $1,050,000 10.0 133 1,334
-6% -8% -28% 44% 4%
Thedetachedm edian pricein Julywas$970,000,a0.1% decreasefrom Juneand 8% below July2022.
Theaveragesold pricein Julywas$1,141,715 fordetached hom es,a3% decreasefrom lastm onth and 6% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
1,334
1,391
1,313
1,302
1,234
1,216
1,178
44
43
1,087
1,055
1,033
40
918
852 859
263 244
194
192
192
126
133 176 163 134 127
90 70
$1,050,000
$1,045,000
$974,000
$972,500
$970,000
$925,000
$884,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
500
15.5
400
300
9.7
8.9
200
5.5 5.5
4.0
3.8 3.4
100
3.1 3.5
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 4 4.0
2 11 5.5
4 22 5.5
11 34 3.1
25 88 3.5
30 114 3.8
34 116 3.4
25 243 9.7
27 239 8.9
33 511 15.5
M onthsofInv. Inventory Sales
4
5
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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5
centralokanagan TOWNHOME|JULY2023
TOTAL LISTINGS ▲ 12% VS 202
MONTHS OF INVENTORY 4.8 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▲ 3% VS 202
▲ 38% VS 202
Therewere383townhom elistingsin theCentral Okanagan in July,10% higherthan Juneand 12% aboveJuly 2022.
Julytownhom esalesdecreased by9% m onth-over-m onth, to80,and were38% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.8m onthsofinventoryfortownhom esin July, reflecting selers'm arketconditions.
$742,204 $710,000 4.8 80 383
$740,178 $709,750 4.0 88 348
0.3% 0% 21% -9% 10%
$699,844 $692,500 5.9 58 342
6% 3% -19% 38% 12%
Thetownhom em edian pricein Julywas$710,000,about thesam easJuneand 3% aboveJuly2022.
Theaveragesold pricein Julywas$742,204for townhom es,0.3% increasefrom lastm onth and 6% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
367
383
352
350
348
342
342
341
50
312
301
286
258 273
40
33
124
88
80
80
70
56
58 62 52
49
36 38 38
$736,750 $706,000
$710,000
$692,500 $675,000
$652,500 $705,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
80
9.3
7.5
60
6.7
5.4
40
4.4
3.0
2.7
20
1.5 1.7
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
2 3 1.5
11 19 1.7
11 30 2.7
14 61 4.4
14 75 5.4
12 80 6.7
4 30 7.5
9 27 3.0
3 28 9.3
M onthsofInv. Inventory Sales
2
28
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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6
centralokanagan CONDO |JULY2023
TOTAL LISTINGS ▲ 14% VS 202
MONTHS OF INVENTORY 4.3 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 3% VS 202
▲ 1.7% VS 202
▲ 46% VS 202
Therewere530 condolistingsin theCentralO kanagan in July,5% higherthan Juneand 14% aboveJuly2022.
Julycondosalesdecreased by13% m onth-over-m onth,to 124,and were46% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.3m onthsofinventoryforcondosin July, reflecting selers'm arketconditions.
124 530
142 503
2% 0.9% 21% -13% 5%
$517,384 $459,600 5.5 85 463
-3% 2% -22% 46% 14%
$502,793 $467,500 4.3
$492,425 $463,500 3.5
Thecondom edian pricein Julywas$467,500,a0.9% increasefrom Juneand 1.7% aboveJuly2022.
Theaveragesold pricein Julywas$502,793 forcondos,a 2% increasefrom lastm onth and 3% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
497
530
496
503
499
487
479
468
463
462
446
46
428
45
373
36
130
134 143 142
126
124
101 94
85
74
72
47 52
$459,600 $471,500
$451,500 $460,000 $462,500 $467,500
$407,500
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
120
38.0
100
80
60
40
11.7
9.0
8.5
6.5
6.0
0 20
2.9 3.7 2.7 2.7
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 9 9.0
12 35 2.9
18 67 3.7
41 112 2.7
30 82 2.7
10 60 6.0
4 34 8.5
4 26 6.5
3 35 11.7
1 38 38.0
M onthsofInv. Inventory Sales
19
13
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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7
cityofkelowna DETACHED |JULY2023
TOTAL LISTINGS ▲ 4% VS 202
MONTHS OF INVENTORY 7.7 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 0.4% VS 202
▼ 10% VS 202
▲ 35% VS 202
Therewere804 detachedlistingsin theCityofKelownain July,6% higherthan Juneand 4% aboveJuly2022.
July detached hom esalesdecreased by 27% m onth-over-m onth,to104,and were35% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere7.7m onthsofinventoryfordetached hom esin July,reflecting balanced m arketconditions.
104 804
143 757
0.4% -7% 46% -27% 6.2%
$1,210,584 $1,100,000 10.0 77 772
-0.4% -10% -23% 35% 4%
$1,205,753 $995,000 7.7
$1,200,373 $1,075,000 5.3
Thedetachedm edian pricein Julywas$995,000,a7% decreasefrom Juneand 10% below July2022.
Theaveragesold pricein Julywas$1,205,753 fordetached hom es,a0.4% increasefrom lastm onth and 0.4% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
772
804
757
750
749
715
42
671
41
642
610
591
552
37
508 514
155
143
121
111
104
73
77 101 90 82 80
53 38
$1,100,000 $1,050,450
$1,090,000 $1,065,000
$1,005,000
$995,000
$884,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
300
14.0
250
11.5
200
9.8
150
100
3.5 3.9 3.5
2.8
0 50
2.0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
3 6 2.0
4 14 3.5
9 35 3.9
17 59 3.5
19 54 2.8
16 156 9.8
14 161 11.5
22 309 14.0
M onthsofInv. Inventory Sales
4
2
4
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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8
cityofkelowna TOWNHOME|JULY2023
TOTAL LISTINGS ▲ 15% VS 202
MONTHS OF INVENTORY 4.0 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
0% VS 202
▲ 33% VS 202
Therewere226townhom elistingsin theCityofKelowna in July,12% higherthan Juneand 15% aboveJuly2022.
Julytownhom esalesdecreased by11% m onth-over-m onth, to56,and were33% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.0m onthsofinventoryfortownhom esin July, reflecting selers'm arketconditions.
$724,739 $692,500 4.0 56 226
$725,808 $675,000 3.2 63 202
-0.1% 3% 26% -11% 12%
$701,430 $692,500 4.7 42 197
3% 0% -14% 33% 15%
Thetownhom em edian pricein Julywas$692,500,a3% increasefrom Juneand 0% aboutthesam easJuly2022.
Theaveragesold pricein Julywas$724,739for townhom es,0.1% decreasefrom lastm onth and 3% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
226
200
204
202
202
200
197
192 186
48
164
155
151 146
37
84
31
63
56
44
42 39 39 41
40
31 32
22 25
$717,500 $692,500
$692,500 $700,000 $736,750 $715,000
$645,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
50
12.0
40
30
6.4 6.7
4.6
20
3.2
2.3
2.3
2.0 1.8
10
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 2 2.0
8 14 1.8
7 16 2.3
12 38 3.2
10 46 4.6
8 51 6.4
3 20 6.7
6 14 2.3
1 12 12.0
M onthsofInv. Inventory Sales
13
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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9
cityofkelowna CONDO |JULY2023
TOTAL LISTINGS ▲ 7% VS 202
MONTHS OF INVENTORY 4.2 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 4% VS 202
▲ 1.4% VS 202
▲ 44% VS 202
Therewere380condolistingsin theCityofKelownain July,8% higherthan Juneand 7% aboveJuly2022.
Julycondosalesdecreased by18% m onth-over-m onth,to 91,and were44% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.2m onthsofinventoryforcondosin July, reflecting selers'm arketconditions.
$499,812 $455,000 4.2 91 380
111 353
2% -2% 31% -18% 8%
$519,655 $448,900 5.7 63 356
-4% 1.4% -26% 44% 7%
$490,000 $465,000 3.2
Thecondom edian pricein Julywas$455,000,a2% decreasefrom Juneand 1.4% aboveJuly2022.
Theaveragesold pricein Julywas$499,812 forcondos,a 2% increasefrom lastm onth and 4% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
381
379
380
356
353
351
333
331
323 319
46
314
292
43
270
35
107
102 107 111
93
91
78 71
63
56
54
35 42
$448,900 $471,500
$437,500 $460,000 $475,000 $455,000
$385,750
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
28.0
60
40
14.0
9.0
7.0
20
6.0
5.5
3.8
2.1 2.7 2.2
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 7 7.0
10 21 2.1
15 41 2.7
31 69 2.2
16 60 3.8
8 48 6.0
3 27 9.0
4 22 5.5
2 28 14.0
1 28 28.0
M onthsofInv. Inventory Sales
16
13
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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10
downtown kelowna DETACHED |JULY2023
TOTAL LISTINGS ▼ 18% VS 202
MONTHS OF INVENTORY 17.6 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 9% VS 202
▼ 20% VS 202
▲ 17% VS 202
Therewere123detachedlistingsin D owntown Kelownain July,9% higherthan Juneand 18% below July2022.
July detached hom esalesdecreased by 71% m onth-over-m onth,to7,and were17% aboveJuly2022.
THISMONTH No. $1,065,571 $929,000 17.6 7 123
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere17.6 m onthsofinventoryfordetached hom es in July,reflecting buyers'm arketconditions.
$1,278,188 $1,037,500 4.7 24 113
-17% -10% 273% -71% 9%
$1,171,667 $1,157,500 25.0 6 150
-9% -20% -30% 17% -18%
Thedetachedm edian pricein Julywas$929,000,a10% decreasefrom Juneand 20% below July2022.
Theaveragesold pricein Julywas$1,065,571 fordetached hom es,a17% decreasefrom lastm onth and 9% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
150
57
126
123
117
118
112 113
102
96
91
82
75 79
38
24
17
16 13
27
10
11 14
7 4
7
6 11 12
$1,170,000
$1,157,500 $1,107,500
$1,050,000
$980,000
$945,000
$929,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
40
29.0
30
20
10
5.0
2.3
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
2 10 5.0
3 7 2.3
1 29 29.0
M onthsofInv. Inventory Sales
2
1
4
6
36
28
1
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
11
downtown kelowna TOWNHOME|JULY2023
TOTAL LISTINGS ▲ 71% VS 202
MONTHS OF INVENTORY 10.0 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▲ 17% VS 202
▼ 13% VS 202
Therewere70townhom elistingsin D owntown Kelownain July,32% higherthan Juneand 71% aboveJuly2022.
Julytownhom esalesincreased by17% m onth-over-m onth, to7,and were13% below July2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere10.0m onthsofinventoryfortownhom esin July,reflecting buyers'm arketconditions.
$826,286 $825,000 10.0 7 70
$856,150 $799,950 8.8 6 53
-3% 3% 13% 17% 32%
$773,600 $707,450 5.1 8 41
7% 17% 95% -13% 71%
Thetownhom em edian pricein Julywas$825,000,a3% increasefrom Juneand 17% aboveJuly2022.
Theaveragesold pricein Julywas$826,286for townhom es,a3% decreasefrom lastm onth and 7% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
70
41
41
53
53
52
49
46
47
44
41
33
37
33
31
25
18
9 7
8
7
6
6 8
5
5
4 4 4
$830,000
$825,000
$707,450 $671,000
$700,000 $735,000 $757,450
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
22.0
20
15
10.0
10
5
2.5
1.5
1.0
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 1 1.0
2 5 2.5
1 22 22.0
1 10 10.0
2 3 1.5
M onthsofInv. Inventory Sales
3
11
7
8
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
12
downtown kelowna CONDO |JULY2023
TOTAL LISTINGS ▲ 41% VS 202
MONTHS OF INVENTORY 8.1 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 4% VS 202
▲ 16% VS 202
▲ 4% VS 202
Therewere210condolistingsin D owntown Kelownain July,17% higherthan Juneand 41% aboveJuly2022.
Julycondosalesdecreased by40% m onth-over-m onth,to 26,and were4% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere8.1m onthsofinventoryforcondosin July, reflecting buyers'm arketconditions.
$613,715 $545,000 8.1 26 210
$520,169 $510,000 4.2 43 180
18% 7% 93% -40% 17%
$587,712 $470,000 6.0 25 149
4% 16% 36% 4% 41%
Thecondom edian pricein Julywas$545,000,a7% increasefrom Juneand 16% aboveJuly2022.
Theaveragesold pricein Julywas$613,715 forcondos,a 18% increasefrom lastm onth and 4% abovelastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
210
180
44
167
171
43
166
162
153 158
155 155
148
149
122
35
44
46 43
30
25
26
25 32 33 22 23
13 13
$527,500 $545,000
$480,000 $509,000
$470,000 $499,999
$398,800
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
27.0
25
20
18.0
15
10
8.0
7.0
6.7 6.0
5
4.5 5.0 5.5 5.0
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 7 7.0
2 9 4.5
3 15 5.0
4 22 5.5
5 25 5.0
3 24 8.0
3 20 6.7
3 18 6.0
1 27 27.0
1 18 18.0
M onthsofInv. Inventory Sales
13
12
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
13
westkelowna DETACHED |JULY2023
TOTAL LISTINGS ▲ 1.0% VS 202
MONTHS OF INVENTORY 4.9 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 9% VS 202
▲ 0.6% VS 202
▲ 77% VS 202
Therewere304 detachedlistingsin W estKelownain July, 2% higherthan Juneand 1.0% aboveJuly2022.
July detached hom esalesdecreased by 1.6% m onth-over-m onth,to62,and were77% aboveJuly2022.
THISMONTH No. $1,086,395 $905,000 4.9 62 304
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.9m onthsofinventoryfordetached hom esin July,reflecting selers'm arketconditions.
$1,120,036 $945,000 4.7 63 297
-3% -4% 4% -1.6% 2%
$998,257 $900,000 8.6 35 301
9% 0.6% -43% 77% 1.0%
Thedetachedm edian pricein Julywas$905,000,a4% decreasefrom Juneand 0.6% aboveJuly2022.
Theaveragesold pricein Julywas$1,086,395 fordetached hom es,a3% decreasefrom lastm onth and 9% abovelast year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
292
301
284
297
304
270
261
253
43
230
226
40
187
37
178
172
68
63
62
47
48
35 43 37 33 34
24 22 30
$1,007,000
$905,000
$900,000
$841,500
$832,500
$799,450 $859,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
100
11.9
80
10.4
60
6.1
40
3.3
20
2.6
1.8 1.9
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
5 9 1.8
15 28 1.9
10 26 2.6
11 36 3.3
5 52 10.4
8 49 6.1
8 95 11.9
M onthsofInv. Inventory Sales
1
2
6
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
14
westkelowna TOWNHOME|JULY2023
TOTAL LISTINGS ▼ 15% VS 202
MONTHS OF INVENTORY 5.1 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
- VS 202
▼ 1.4% VS 202
▲ 100% VS 202
Therewere72townhom elistingsin W estKelownain July, 3% higherthan Juneand 15% below July2022.
Julytownhom esalesdecreased by13% m onth-over-m onth, to14,and were100% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.1m onthsofinventoryfortownhom esin July, reflecting balanced m arketconditions.
14 72
16 70
-0.7% -0.4% 17% -13% 3%
$783,843 $795,000 12.1 7 85
4% -1.4% -58% 100% -15%
$813,893 $784,000 5.1
$819,681 $787,500 4.4
Thetownhom em edian pricein Julywas$784,000,a0.4% decreasefrom Juneand 1.4% below July2022.
Theaveragesold pricein Julywas$813,893for townhom es,a0.7% decreasefrom lastm onth and 4% above lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
85
82
86
76
59
72
70 72
68
60 61
53
49
37
43
41
29
25
16
16
13
14
10 12
7
8
6 5 5
$795,000
$784,000
$737,500
$675,000
$670,000 $685,000
$560,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
15
10.0
10
7.0
6.0
4.3
5
2.5
1.3 1.0
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
2 5 2.5
2 12 6.0
2 14 7.0
1 10 10.0
3 13 4.3
3 4 1.3
1 1 1.0
M onthsofInv. Inventory Sales
1
1
6
5
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
15
westkelowna CONDO |JULY2023
TOTAL LISTINGS ▲ 36% VS 202
MONTHS OF INVENTORY 3.4 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 6% VS 202
▲ 1.0% VS 202
▲ 33% VS 202
Therewere68 condolistingsin W estKelownain July,4% lowerthan Juneand 36% aboveJuly2022.
Julycondosaleswereaboutthesam e 0% m onth-over-m onth, to20,and were33% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.4m onthsofinventoryforcondosin July, reflecting selers'm arketconditions.
20 68
20 71
11% 9% -4% 0% -4%
15 50
-6% 1.0% 2% 33% 36%
$504,520 $490,000 3.4
$453,070 $448,000 3.6
$536,960 $485,000 3.3
Thecondom edian pricein Julywas$490,000,a9% increasefrom Juneand 1.0% aboveJuly2022.
Theaveragesold pricein Julywas$504,520 forcondos,a 11% increasefrom lastm onth and 6% below lastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
79
82
71
70
50
68
64
55
43
50
47
46
44
40
37
30
22
21
20 20
15 17
12 10
10 11
9
4 6
$485,000 $485,000 $466,875 $500,000 $477,500 $460,000 $490,000
Jul-2022 Jun-2023 Jul-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
30
6.5
6.0
25
20
3.6
15
3.0
10
2.0
1.4
0 5
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 6 6.0
2 13 6.5
8 29 3.6
7 10 1.4
1 3 3.0
1 2 2.0
M onthsofInv. Inventory Sales
1
2
1
1
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupof com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
16
kelownam arket AREAS*
● DOWNTOWN KELOWNA ● + ● CITYOFKELOWNA ● WESTKELOWNA
© 2023 M apbox© OpenStreetM ap
* CityofKelownaand CityofW estKelowna,astheyappearon thism ap,arebased on m unicipalboundaries.
Copyright© 2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpark,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.Curentasof August18,2023.Aldatafrom As ociationofInteriorRealtors& rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtained from sourcesde m edreliable,ac uracycannotbeguarante d.renniegroup of com paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceuponthe inform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandany propertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
17
The rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, we empower our developer clients, rennie advisors, institutional advisory clients, and the entire rennie team with comprehensive data and a trusted market perspective. With data as the backbone to our thoughtful real estate practice, we help our clients form and execute sound, well-considered plans to help them achieve their goals. the data behind rennie
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13 Copyright ©️ 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 Aug 18, 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 2 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. 18
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