data pack: the kelowna rennie review | March 2025

upper mission/kettle valley/crawford estates DETACHED - FEBRUARY 2 0 2 5

MONTHS OF INVENTORY 6.1 BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 15% VS 2024

▲ 36% VS 2024

▼ 9% VS 2024

▼ 10% VS 2024

There were 115 detached listings in Upper Mission/Kettle Valley/Crawford Estates in February, 6% above January and 15% higher than February 2024. February detached home sales increased by 171% month-over-month, to 19, and were 36% above February 2024. The months of inventory for detached in Upper Mission/Kettle Valley/Crawford Estates, at 6.1, reflected a balanced market. The detached median price in February was $1,250,000, a 18% decrease from January and 10% below February 2024. The average sold price was $1,361,079, 17% below last month and down 9% to February 2024.

THIS MONTH No. $1,361,079 $1,250,000 6.1 19 115

PREVIOUS MONTH No.

PREVIOUS YEAR

No.

% Change

% Change

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

$1,494,964 $1,388,750 7.1 14 100

-9% -10% -15% 36% 15%

$1,648,429 $1,520,000 15.6 7 109

-17% -18% -61% 171% 6%

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE 173

106

144

137

149

127

146

138

135

109

115

114

102

100

65

29

27

16

12

11

10

10

19

7

14

3

19

17

39

$1.83M

$1.52M

$1.39M $1.31M

$1.36M

$1.35M

$1.25M $1.24M $1.17M

$1.25M

$1.19M $1.21M

$1.05M

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

25

15.0

20

15

8.0

10

5.0

4.6

5

2.2

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 4 n/a

9 20 2.2

5 23 4.6

2 10 5.0

2 16 8.0

1 15 15.0

0 15 n/a

0 12 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. 45 ●

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