kelowna north CONDO - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 9.2 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 31% VS 2024
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2024
▲ 113% VS 2024
▼ 5% VS 2024
▼ 8% VS 2024
There were 157 condo listings in Kelowna North in February, 5% above January and 8% lower than February 2024. February condo sales increased by 21% month-over-month, to 17, and were 113% above February 2024. The months of inventory for condos in Kelowna North, at 9.2, reflected a buyers' market. The condo median price in February was $461,500, a 1.4% increase from January and 5% below February 2024. The average sold price was $512,641, 14% below last month; the average PSF sale price was $520, down 12% 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
$520 $512,641 $461,500 9.2 17 157
$753 $459,875 $485,000 21.4 8 171
-31% 11% -5% -57% 113% -8%
$594 $598,414 $455,000 10.6 14 149
-12% -14% 1.4% -13% 21% 5%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
202
207
194
86
177
174
191
185
178
171
157
165
71
151
149
32
28
18
17
16
15
15
14
14
10
17
35
23
8
$580K
$570K
$553K
$520K
$522K
$520K
$515K
$485K
$478K
$455K
$462K
$441K
$433K
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.
50
12.0
4+ bdrms
1
40
7.5
7.5
30
3 bdrms
20
5.0
5.0
20
14
2 bdrms
10
86
0
3
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 4 48 12.0 2 15 7.5 0 4 n/a 0 4 n/a 0 16 n/a 1 5 5.0 4 20 5.0 6 45 7.5
<2 bdrms
50
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. 26 ●
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