central okanagan CONDO - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 8.9 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2024
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2024
▲ 14% VS 2024
▲ 15% VS 2024
▼ 1.1% VS 2024
There were 667 condo listings in the Central Okanagan in February, 10% above January and 14% higher than February 2024. February condo sales increased by 10% month-over-month, to 75, and were 15% above February 2024. The months of inventory for condos in the Central Okanagan, at 8.9, reflected a buyers' market. The condo median price in February was $445,000, a 1.1% increase from January and 1.1% below February 2024. The average sold price was $492,832, 0.9% below last month; the average PSF sale price was $506, up 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
$506 $492,832 $445,000 8.9 75 667
$534 $469,075 $449,900 9.0 65 584
15% 14%
$485 $497,340 $440,000 8.9 68 604
10% 10%
-5% 5% -1.1% -1%
4% -0.9% 1.1% 0.1%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
740
61
795
696
680
664
757
750
667
707
686
584
604
562
42
38
125
113
109
96
91
65
68
75
65
98
85
85
77
$475K
$455K
$450K
$450K
$449K
$452K
$448K
$445K
$439K
$440K
$440K
$432K
$430K
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.
300
18.0
4+ bdrms
16.0
250
9
14.7
13.9
200
9
3 bdrms
150
71
8.0
7.4
6.8
100
48
2 bdrms
405
50
0
18
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 1 16 16.0 21 142 6.8 39 289 7.4 9 125 13.9 3 44 14.7 1 18 18.0 1 8 8.0 0 25 n/a
<2 bdrms
182
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. 7 ●
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