city of kelowna TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 4.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▲ 54% VS 2023
▲ 48% VS 2023
▼ 2% VS 2023
There were 292 townhome listings in the City of Kelowna in April, 7% above March and 54% higher than April 2023. April townhome sales increased by 23% month-over-month, to 65, and were 48% above April 2023. The months of inventory for townhomes in the City of Kelowna, at 4.5, reflected a sellers' market. The townhome median price in April was $675,000, a 2% increase from March and 2% below April 2023. The average sold price was $706,552, 0.5% below last month; the average PSF sale price was $446, up 7% 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
$446 $706,552 $675,000 4.5 65 292
$422 $679,969 $690,000 4.3 44 189
6% 4% -2% 5% 48% 54%
$419 $709,861 $658,900 5.2 53 274
7% -0.5% 2% -13% 23% 7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
292
274
35
256
253
33
226
243
240
234
233
28
213
189
192
190
72
67
53
65
43
38
44
25
20
50
39
30
29
$710K
$710K
$705K
$690K
$675K
$672K
$675K
$670K
$671K
$660K
$659K
$650K
$635K
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.
70
7
60
13.5
4+ bdrms
51
12.0
50
38
40
8.5
3 bdrms
8.1
172
30
4.5
20
20
2 bdrms
2.4
2.2
65
10
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 3 36 12.0 2 27 13.5 2 17 8.5 0 10 n/a 19 41 2.2 20 47 2.4 8 65 8.1 11 49 4.5
4
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. 9 ●
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