the kelowna rennie review | November 2024

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

MONTHS OF INVENTORY 15.0 BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▼ 28% VS 2023

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 3% VS 2023

▲ 3% VS 2023

▲ 43% VS 2023

▲ 100% VS 2023

There were 30 townhome listings in North Glenmore/Wilden/Mckinley Landing in October, 19% below September and 43% higher than October 2023. October townhome sales decreased by 50% month-over-month, to 2, and were 100% above October 2023. The months of inventory for townhomes in North Glenmore/Wilden/Mckinley Landing, at 15.0, re-ected a buyers' market. The townhome median price in October was $737,000, a 10% decrease from September and 3% above October 2023. The average sold price was $737,000, 11% below last month; the average PSF sale price was $371, down 22% 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

$371 $737,000 $737,000 15.0 2 30

$514 $715,000 $715,000 21.0 1 21

-28% 3% 3% -29% 100% 43%

$475 $832,475 $819,450 9.3 4 37

-22% -11% -10% 62% -50% -19%

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

101

38

37

41

36

40

31

36

28

31

31

31

30

72

21

9

9

5

4

4

3

3

2

2

1

6

2

1

$918K

$819K

$748K

$748K

$750K

$732K

$737K

$722K

$720K

$724K

$715K

$667K

$593K

9

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.

8

7.0

7.0

4+ bdrms

7

13

6

2

5

3 bdrms

13

4

3

2 bdrms

2

3

1

0

<2 bdrms

<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 0 1 n/a 1 7 7.0 0 8 n/a 1 7 7.0 0 5 n/a 0 1 n/a 0 1 n/a

1

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. 35 ●

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