kelowna south DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 18.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 61% VS 2023
▼ 1.8% VS 2023
▼ 31% VS 2023
▼ 20% VS 2023
There were 74 detached listings in Kelowna South in December, 19% below November and 61% higher than December 2023. December detached home sales decreased by 33% month-over-month, to 4, and were 20% below December 2023. The months of inventory for detached in Kelowna South, at 18.5, re)ected a buyers' market. The detached median price in December was $862,500, a 1.7% decrease from November and 31% below December 2023. The average sold price was $1,146,250, 23% above last month and down 1.8% to December 2023.
THIS MONTH No. $1,146,250 $862,500 18.5 4 74
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,167,000 $1,250,000 9.2 5 46
-1.8% -31% 101% -20% 61%
$934,500 $877,500 15.2 6 91
23% -1.7% 22% -33% -19%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
119
121
126 126
106
118
91
89
104
95
76
74
83
59
46
11
11
9
8
7
7
6
6
5
4
3
4
$1.40M
31
$1.25M
$1.07M
$1.01M
$920K
$925K
$900K
$905K
$874K
$878K
$863K
$793K
Dec-23
Nov-24
Dec-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
6.0
15
5.0
4.0
10
5
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3.0M+
MOI INVENTORY SALES
1 5 5.0
2 8 4.0
0 17 n/a
0 12 n/a
0 11 n/a
0 13 n/a
1 6 6.0
0 2 n/a
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. 27 ●
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