data pack: the kelowna rennie review | March 2025

lower mission TOWNHOME - FEBRUARY 2 0 2 5

MONTHS OF INVENTORY 13.7 BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▼ 5% VS 2024

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 39% VS 2024

▲ 35% VS 2024

▲ 71% VS 2024

▼ 40% VS 2024

There were 41 townhome listings in Lower Mission in February, 5% above January and 71% higher than February 2024. February townhome sales remained the same month-over-month, at 3, and were 40% below February 2024. The months of inventory for townhomes in Lower Mission, at 13.7, reflected a buyers' market. The townhome median price in February was $702,000, a 6% decrease from January and 35% above February 2024. The average sold price was $784,667, 6% below last month; the average PSF sale price was $438, up 10% 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

$438 $784,667 $702,000 13.7 3 41

$461 $566,000 $520,000 4.8 5 24

185% -40% 71%

$399 $836,667 $750,000 13.0 3 39

5% 0% 5%

10% -6% -6%

-5% 39% 35%

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

43

40

106

39

41

38

35

34

39

38

35

28

24

24

69

11

11

8

6

6

4

3

3

8

5

6

3

4

$788K

$779K

$771K

$756K

$760K

$750K

$734K

$725K

$729K

$733K

$704K

$702K

$520K

16

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.

10

4.0

4+ bdrms

9

8

2

6

2.0

3 bdrms

17

4

1

2 bdrms

13

2

0

<2 bdrms

<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES

2

0 9 n/a

0 5 n/a

2 8 4.0

0 1 n/a

1 2 2.0

0 3 n/a

0 3 n/a

0 10 n/a

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. 32 ●

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