lake country CONDO - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 5.5 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 11% VS 2024
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 100% VS 2024
▼ 1.8% VS 2024
▼ 1.8% VS 2024
▼ 42% VS 2024
There were 11 condo listings in the Lake Country in February, 21% below January and 42% lower than February 2024. February condo sales increased by month-over-month, to 2, and were 100% above February 2024.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in the Lake Country, at 5.5, reflected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$478 $380,000 $380,000 5.5 2 11
$430 $387,000 $387,000 19.0 1 19
11% -1.8% -1.8% -71% 100% -42%
- $0 $0 0.0 0 14.00
% % % % % -21%
The condo median price in February was $380,000, a change from January and 1.8% below February 2024. The average sold price was $380,000, no change to last month; the average PSF sale price was $478, no change to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
26
79
23
20
19
21
19
20
16
14
17
16
15
11
48
8
5
4
2
2
2
2
2
1
2
3
1
$493K
$460K
$464K
$458K
$454K
$442K
$435K
$410K
$387K
$380K
$360K
$361K
Feb-24
Jan-25
Feb-25
▶ 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.
5
5.0
4+ bdrms
4.0
4
3
3 bdrms
2
2
2 bdrms
1
9
0
2
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 0 1 n/a 0 1 n/a 1 5 5.0 1 4 4.0
<2 bdrms
Copyright © 2025 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 March 10, 2025. 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. 17 ●
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