peachland DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 11.8 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2023
▲ 8% VS 2023
▲ 48% VS 2023
▲ 20% VS 2023
There were 71 detached listings in Peachland in October, 12% below September and 48% higher than October 2023. October detached home sales increased by 100% month-over-month, to 6, and were 20% above October 2023. The months of inventory for detached in the Peachland, at 11.8, re&ected a buyers' market. The detached median price in October was $905,000, a 0.6% increase from September and 8% above October 2023. The average sold price was $990,833, 4% above last month and up 5% to October 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$990,833 $905,000 11.8 6 71
$941,980 $835,000 9.6 5 48
23% 20% 48%
$953,333 $900,000 27.0 3 81
4% 0.6% -56% 100% -12%
5% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
81
103
75
70
71
75
73
44
48
53
34
68
39
33
33
10
7
6
6
5
3
3
3
2
1
1
6
5
42
$3.53M
$2.70M
$1.15M
$1.09M $1.03M $1.23M
$888K
$900K
$905K
$850K
$835K
$818K
$780K
Oct-23
Sep-24
Oct-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
22.0
20
14.0
15
10
6.3
5
0
<$1.0M
$1.0M-$1.4M $1.5M-$1.99M $2.0M-2.24M $2.5M-2.99M $3.0M-3.49M $3.5M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
4 25 6.3
1 22 22.0
1 14 14.0
0 3 n/a
0 4 n/a
0 1 n/a
0 1 n/a
0 1 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. 14 ●
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