downtown kelowna TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 5.1 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 40% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 0.0% VS 2023
▲ 0.9% VS 2023
▲ 57% VS 2023
▲ 600% VS 2023
There were 72 townhome listings in Downtown Kelowna in April, 9% above March and 57% higher than April 2023. April townhome sales increased by 100% month-over-month, to 14, and were 600% above April 2023. The months of inventory for townhomes in Downtown Kelowna, at 5.1, reflected a balanced market. The townhome median price in April was $810,000, a 3% decrease from March and 0.9% above April 2023. The average sold price was $802,786, 1.4% below last month; the average PSF sale price was $521, up 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
14 72
$373 $802,500 $802,500 23.0 2 46
0.9% -78% 600% 57%
$444 $814,357 $835,000 9.4 7 66
17% -1.4% -3% -45% 100% 9%
$521 $802,786 $810,000 5.1
40% 0%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
72
72
45
66
63
60
58
66
56
61
46
48
34
47
45
14
14
7
6
4
4
4
3
2
2
19
9
2
7
$1.04M
$925K
$890K
$855K
$835K
$825K
$812K
$810K
$803K
$800K
$757K
$713K
$700K
Apr-23
Mar-24
Apr-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.
17.0
4+ bdrms
15
16.0
10
11
10
3 bdrms
42
8.0
3
5.0
5
2 bdrms
3.2
3.0
19
0.5
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 1 16 16.0 5 16 3.2 1 17 17.0 1 3 3.0 1 8 8.0 0 5 n/a 4 2 0.5 1 5 5.0
1
Copyright © May 8, 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 May 8, 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