kelowna north CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 10.1 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 7% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2023
▲ 200% VS 2023
▼ 11% VS 2023
▼ 15% VS 2023
There were 151 condo listings in Kelowna North in December, 15% below November and 5% higher than December 2023. December condo sales decreased by 12% month-over-month, to 15, and were 200% above December 2023. The months of inventory for condos in Kelowna North, at 10.1, re"ected a buyers' market. The condo median price in December was $441,250, a 8% decrease from November and 15% below December 2023. The average sold price was $488,717, 7% below last month; the average PSF sale price was $618, down 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
$618 $488,717 $441,250 10.1 15 151
$662 $547,300 $517,000 28.8 5 144
-7% -11% -15% -65% 200% 5%
$663 $527,741 $477,500 10.4 17 177
-12% -15%
-7% -7% -8% -3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
202
208
195
91
177
174
171
191
83
185
179
166
151
144
127
32
46
28
18
17
16
15
14
12
10
8
15
23
5
$600K
$580K
$570K
$553K
$517K
$520K
$522K
$520K
$515K
$485K
$478K
$441K
$433K
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
24+
4+ bdrms
40
1
30
1
3 bdrms
19
11.0
20
9.2
9
2 bdrms
10
89
2.5
2.0
0
5
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 1 2 2.0 6 15 2.5 5 46 9.2 1 41 41.0 2 22 11.0 0 5 n/a 0 2 n/a 0 18 n/a
<2 bdrms
42
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. 26 ●
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