westbank centre DETACHED - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 7.3 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2024
- VS 2024
There were 51 detached listings in Westbank Centre in February, 21% above January and 6% higher than February 2024. February detached home sales increased by 40% month-over-month, to 7, and were above February 2024. The months of inventory for detached in Westbank Centre, at 7.3, reflected a balanced market. The detached median price in February was $660,000, a 0.8% increase from January and no change to February 2024. The average sold price was $647,071, 22% below last month and no change% to February 2024.
VS 2024
VS 2024
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$647,071 $660,000 7.3 7 51
- - - - 48
% % % % 6%
$824,400 $655,000 8.4 5 42
-22% 0.8% -13% 40% 21%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
78
139
72
72
69
72
66
55
61
59
51
48
47
42
14
11
8
8
5
5
5
2
7
10
10
3
52
$1.00M
$941K
$795K
$732K
$733K
$730K
$691K
$665K
$660K
$655K
$640K
$545K
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
20
4.8
15
2.7
10
5
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
3 8 2.7
4 19 4.8
0 9 n/a
0 8 n/a
0 2 n/a
0 2 n/a
0 3 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 47 ●
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