city of kelowna DETACHED - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 9.8 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 18% VS 2024
▲ 8% VS 2024
▲ 23% VS 2024
▲ 19% VS 2024
There were 782 detached listings in the City of Kelowna in February, 12% above January and 23% higher than February 2024. February detached home sales increased by 8% month-over-month, to 80, and were 19% above February 2024. The months of inventory for detached in the City of Kelowna, at 9.8, reflected a buyers' market. The detached median price in February was $1,079,500, a 11% increase from January and 8% above February 2024. The average sold price was $1,277,236, 11% above last month and up 18% to February 2024.
THIS MONTH No. $1,277,236 $1,079,500 9.8 80 782
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,082,847 $1,000,000 9.5 67 636
18% 8% 3% 19% 23%
$1,148,110 $975,000 9.4 74 698
11% 11% 4% 8% 12%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,082
71
70
1,078 1,070
1,052
906
978
823
936
791
782
53
698
655
636
124
115
109
100
97
94
84
80
74
74
80
67
109
$1.08M
$1.07M
$1.06M
$1.05M $1.00M
$1.00M
$975K
$964K $997K $1.02M $1.01M
$950K
$935K
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
140
24+
21.3
120
100
14.6
13.6
80
10.4
60
7.6
6.2
40
5.0
3.8
20
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
2 10 5.0
11 42 3.8
19 145 7.6
22 136 6.2
10 136 13.6
4 85 21.3
5 73 14.6
5 52 10.4
0 41 n/a
2 62 31.0
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. 8 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online