the kelowna rennie review | November 2024

north glenmore/wilden/mckinley landing DETACHED - OCTOBER 2 0 2 4

MONTHS OF INVENTORY 4.9 SELLERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 21% VS 2023

▲ 20% VS 2023

▲ 900% VS 2023

▼ 0.3% VS 2023

There were 98 detached listings in North Glenmore/Wilden/Mckinley Landing in October, 17% below September and 20% higher than October 2023. October detached home sales increased by 54% month-over-month, to 20, and were 900% above October 2023. The months of inventory for detached in North Glenmore/Wilden/Mckinley Landing, at 4.9, re-ected a sellers' market. The detached median price in October was $1,160,000, a 12% increase from September and 0.3% below October 2023. The average sold price was $1,404,325, 20% above last month and up 21% 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

20 98

$1,163,000 $1,163,000 41.0 2 82

21% -0.3% -88% 900% 20%

$1,173,692 $1,040,000 9.1 13 118

20% 12% -46% 54% -17%

$1,404,325 $1,160,000 4.9

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

76

107

118

101

115

110

88

98

82

74

53

66

52

57

54

53

17

14

14

13

20

9

9

9

8

7

6

13

2

$1.20M $1.17M $1.19M $1.23M

$1.16M

$1.16M

$1.11M $1.05M $1.03M

$1.04M

$960K

$929K

$860K

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

21.0

20

15

10

7.5

4.7

4.5

5

2.3

2.0

1.0

0

N/A

<$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

0 1 n/a

4 4 1.0

2 15 7.5

6 14 2.3

3 14 4.7

1 21 21.0

2 9 4.5

0 10 n/a

0 6 n/a

2 4 2.0

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. 34 ●

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