big white CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 8.1 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 12% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 46% VS 2023
▲ 83% VS 2023
▲ 4% VS 2023
▲ 17% VS 2023
There were 57 condo listings in Big White in December, 8% below November and 4% higher than December 2023. December condo sales increased by 17% month-over-month, to 7, and were 17% above December 2023. The months of inventory for condos in Big White, at 8.1, re&ected a buyers' market. The condo median price in December was $577,500, a 25% decrease from November and 83% above December 2023. The average sold price was $527,071, 25% below last month; the average PSF sale price was $563, down 3% to last month.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$563 $527,071 $577,500 8.1 7 57
$637 $360,833 $315,000 9.2 6 55
-12% 46% 83% -11% 17% 4%
$579 $701,625 $769,975 10.3 6 62
-3% -25% -25% -21% 17% -8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
68
64
117
63
63
62
63
61
57
60
60
55
57
55
74
8
7
6
6
54
5
5
5
5
4
3
7
6
2
$770K
$596K
$578K
$578K
$550K
$510K
$432K
$400K
$360K
$315K
$299K
$250K
$215K
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.
13.0
15
4+ bdrms
8
8.0
10
1
3 bdrms
10
5
3.3
4
3.0
2 bdrms
21
0
2
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 1 3 3.0 1 13 13.0 2 16 8.0 3 10 3.3 0 12 n/a 0 1 n/a 0 1 n/a 0 1 n/a
<2 bdrms
18
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. 18 ●
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