kelowna south CONDO - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 14.7 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2024
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 0.9% VS 2024
▼ 21% VS 2024
▼ 10% VS 2024
▼ 75% VS 2024
There were 44 condo listings in Kelowna South in February, 5% above January and 10% lower than February 2024. February condo sales remained the same month-over-month, at 3, and were 75% below February 2024. The months of inventory for condos in Kelowna South, at 14.7, reflected a buyers' market. The condo median price in February was $445,000, a 14% increase from January and 0.9% above February 2024. The average sold price was $423,000, 7% above last month; the average PSF sale price was $496, up 26% 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
$496 $423,000 $445,000 14.7 3 44
12 49
-8% -21% 0.9% 259% -75% -10%
$395 $395,000 $390,000 14.0 3 42
5% 0% 5%
$538 $535,083 $441,000 4.1
26% 7% 14%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
69
73
69
68
105
55
64
56
47
55
49
42
44
39
14
12
10
10
12
6
4
3
8
7
7
7
3
31
31
$475K
$475K
$468K
$457K
$447K
$446K
$445K
$441K
$442K
$405K
$401K
$390K
$315K
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.
18.0
4+ bdrms
15
1
3 bdrms
10
8
8.5
1
5
2 bdrms
25
0
1
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 1 18 18.0 2 17 8.5 0 2 n/a 0 1 n/a 0 4 n/a 0 1 n/a 0 1 n/a
<2 bdrms
11
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. 29 ●
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