city of west kelowna TOWNHOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 7.1 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 6% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 9% VS 2023
▲ 27% VS 2023
▲ 36% VS 2023
▲ 50% VS 2023
There were 64 townhome listings in the City of West Kelowna in October, 10% below September and 36% higher than October 2023. October townhome sales increased by 200% month-over-month, to 9, and were 50% above October 2023. The months of inventory for townhomes in the City of West Kelowna, at 7.1, re(ected a balanced market. The townhome median price in October was $805,000, a 20% increase from September and 27% above October 2023. The average sold price was $709,822, 6% above last month; the average PSF sale price was $383, down 17% 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
$383 $709,822 $805,000 7.1 9 64
$409 $654,083 $635,000 7.8 6 47
-6% 9% 27% -9% 50% 36%
$463 $671,000 $673,000 23.7 3 71
-17% 6% 20% -70% 200% -10%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
60
71
70
69
69
64
59
67
53
56
45
47
47
43
39
8
8
8
8
28
6
9
4
4
4
3
6
7
7
$816K
$805K
$765K
$760K
$742K
$723K
$714K
$699K
$684K
$673K
$655K
$635K
$604K
Oct-23
Sep-24
Oct-24
▶ 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.
16
15.0
3
14
4+ bdrms
10
12
10
4
3 bdrms
8
23
6.5
6
1
4
2 bdrms
31
1.5
2
0
1
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 2 13 6.5 1 15 15.0 0 13 n/a 6 9 1.5 0 6 n/a 0 5 n/a 0 3 n/a
Copyright © 2024 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 November 12, 2024. 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. 12 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online