data pack: the kelowna rennie review | March 2025

north glenmore/wilden/mckinley landing DETACHED - FEBRUARY 2 0 2 5

MONTHS OF INVENTORY 13.0 BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 31% VS 2024

▲ 6% VS 2024

▲ 37% VS 2024

▼ 33% VS 2024

There were 78 detached listings in North Glenmore/Wilden/Mckinley Landing in February, 28% above January and 37% higher than February 2024. February detached home sales decreased by 54% month-over-month, to 6, and were 33% below February 2024. The months of inventory for detached in North Glenmore/Wilden/Mckinley Landing, at 13.0, reflected a buyers' market. The detached median price in February was $1,107,000, a 20% decrease from January and 6% above February 2024. The average sold price was $1,301,417, 9% below last month and up 31% to February 2024.

THIS MONTH No. $1,301,417 $1,107,000 13.0 6 78

PREVIOUS MONTH No.

PREVIOUS YEAR

No.

% Change

% Change

TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$996,667 $1,047,000 6.3 9 57

105% -33% 37%

13 61

-9% -20% 177% -54% 28%

$1,431,846 $1,390,000 4.7

31% 6%

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

79

108

118

101

115

111

88

87

97

78

74

63

58

63

61

57

20

16

14

14

13

13

9

9

8

9

13

6

11

$1.39M

$1.25M

$1.20M $1.17M $1.19M $1.23M

$1.16M

$1.11M

$1.05M $1.03M

$1.04M

$979K

$929K

Feb-24

Jan-25

Feb-25

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET < 5

BALANCED 5 - 8

BUYERS' MARKET 8+

● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY

16

14.0

14

12

10

7.5

8

7.0

5.5

6

4

2

0

<$600K

$600K-799K

$800K-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M

$3.0M+

MOI INVENTORY SALES

0 6 n/a

2 15 7.5

2 11 5.5

1 14 14.0

0 11 n/a

0 5 n/a

1 7 7.0

0 4 n/a

0 5 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. 34 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online