highlights • O n am onth-over-m onth basis,m edian sold pricesin theCentralO kanagan (averaged acros hom e types)rose0.1%.Them edian sold pricefortownhom eswasup 4% (to$700K),folowed bya2% increase(to$1.01 m ilion)fordetached hom es.In contrast,them edian sold priceforcondoswas down 6% (to$449K)m onth-over-m onth. • O n ayear-over-yearbasis,m edian sold pricesw eredow n 1.1% (averaged acros hom etypes), driven by a5% decreasein m edian condo prices.D etached hom esw erealso dow n year-over-year (by1.5%),whiletownhom epricesbucked thetrend with a3% increase. •
CENTRALOKANAGAN THERENNIEADVANCE median prices
MAY 2024
$1,200,000
Central Okanagan
$1,000,000
$1,010,000
$800,000
$600,000
- 1% vsM ay2023
$400,000
DETACHED median salesprice
$200,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
$1,000,000
Central Okanagan
$800,000
$700,000
$600,000
$400,000
+ 3% vsM ay2023
TOWNHOME median salesprice
$200,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
$600,000
Central Okanagan
$500,000
$449,000
$400,000
$300,000
- 5% vsM ay2023
$200,000
CONDO median salesprice
$100,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
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