city of west kelowna CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 13.9 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.2% VS 2023
▲ 43% VS 2023
▲ 40% VS 2023
▼ 17% VS 2023
There were 97 condo listings in the City of West Kelowna in December, 16% below November and 43% higher than December 2023. December condo sales decreased by 13% month-over-month, to 7, and were 40% above December 2023. The months of inventory for condos in the City of West Kelowna, at 13.9, re&ected a buyers' market. The condo median price in December was $415,000, a 0.2% decrease from November and 1.2% above December 2023. The average sold price was $381,643, 27% below last month; the average PSF sale price was $400, down 14% 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
$400 $381,643 $415,000 13.9 7 97
$407 $459,550 $410,000 13.6 5 68
40% 43%
$467 $520,663 $416,000 14.5 8 116
-14% -27% -0.2% -4% -13% -16%
-1.8% -17% 1.2% 1.9%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
62
116
115
97
97
57
90
83
97
77
80
80
80
68
43
66
20
16
16
11
9
9
8
8
7
7
7
13
5
$582K
$467K
$465K
$455K
$439K
$440K
$433K
$416K
$415K
$410K
$410K
$400K
$350K
Dec-23
Nov-24
Dec-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.
50
12.8
4+ bdrms
40
30
3 bdrms
5
5.3
20
4
2 bdrms
10
67
0
3
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 3 16 5.3 4 51 12.8 0 26 n/a 0 4 n/a
<2 bdrms
25
Copyright © 2025 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 January 13, 2025. 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. 13 ●
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