the kelowna rennie review | January 2025

north glenmore/wilden/mckinley landing DETACHED - DECEMBER 2 0 2 4

MONTHS OF INVENTORY 3.9 SELLERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 25% VS 2023

▲ 30% VS 2023

▲ 15% VS 2023

▲ 129% VS 2023

There were 62 detached listings in North Glenmore/Wilden/Mckinley Landing in December, 28% below November and 15% higher than December 2023. December detached home sales increased by 45% month-over-month, to 16, and were 129% above December 2023. The months of inventory for detached in North Glenmore/Wilden/Mckinley Landing, at 3.9, re+ected a sellers' market. The detached median price in December was $1,245,000, a 27% increase from November and 30% above December 2023. The average sold price was $1,250,438, 9% above last month and up 25% to December 2023.

THIS MONTH No.

PREVIOUS MONTH No.

PREVIOUS YEAR

No.

% Change

% Change

TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

16 62

$1,000,893 $960,000 7.7 7 54

-50% 129% 15%

11 86

9% 27% -50% 45% -28%

$1,250,438 $1,245,000 3.9

$1,142,364 $979,000 7.8

25% 30%

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

95

107

117

101

114

110

88

86

96

74

73

62

54

57

53

20

14

14

13

9

9

9

16

8

6

7

13

38

11

$1.25M

$1.20M $1.17M $1.19M $1.23M

$1.16M

$1.11M $1.05M $1.03M

$1.04M

$979K

$960K

$929K

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

14

13.0

12

10

8

7.0

6

5.0

4

2.8

2.5

2.0

2

1.0

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

2 2 1.0

4 8 2.0

2 10 5.0

4 11 2.8

1 13 13.0

2 5 2.5

1 7 7.0

0 4 n/a

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. 34 ●

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