central okanagan TOWNHOME - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 8.8 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2024
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2024
▲ 8% VS 2024
▲ 16% VS 2024
▼ 4% VS 2024
There were 387 townhome listings in the Central Okanagan in February, 13% above January and 16% higher than February 2024. February townhome sales remained the same month-over-month, at 44, and were 4% below February 2024. The months of inventory for townhomes in the Central Okanagan, at 8.8, reflected a buyers' market. The townhome median price in February was $714,643, a 5% increase from January and 8% above February 2024. The average sold price was $756,531, 13% below last month; the average PSF sale price was $439, down 4% 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
$439 $756,531 $714,643 8.8 44 387
$416 $670,737 $661,500 7.3 46 335
6% 13% 8% 21% -4% 16%
$457 $872,295 $680,000 7.8 44 341
-4% -13% 5% 13% 0% 13%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
426
73
458
455
454
444
388
372
416
387
392
335
341
299
77
74
65
59
36
55
53
51
44
40
38
46
44
31
60
$718K
$715K
$700K
$705K
$705K
$685K
$680K
$670K
$676K
$662K
$655K
$650K
$640K
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.
80
24+
7
4+ bdrms
70
68
20.0
60
18.0
29
50
3 bdrms
203
40
11.0
8.4
30
7.8
8
6.0
5.6
2 bdrms
20
110
10
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 9 70 7.8 9 76 8.4 14 79 5.6 2 59 29.5 6 36 6.0 2 36 18.0 1 11 11.0 1 20 20.0
6
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. 6 ●
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