central okanagan DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 8.8 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2023
▲ 6% VS 2023
▲ 39% VS 2023
▼ 6% VS 2023
There were 1,071 detached listings in the Central Okanagan in December, 20% below November and 6% higher than December 2023. December detached home sales decreased by 9% month-over-month, to 122, and were 39% above December 2023. The months of inventory for detached in the Central Okanagan, at 8.8, re'ected a buyers' market. The detached median price in December was $977,500, a 5% increase from November and 3% above December 2023. The average sold price was $1,135,472, 8% above last month and down 6% to December 2023.
THIS MONTH No. $1,135,472 $977,500 8.8 122 1,071
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,210,732 $947,000 11.5 88 1,014
-6% 3% -24% 39% 6%
$1,055,637 $934,500 10.0 134 1,344
8% 5% -12% -9% -20%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
71
1,852
1,837
1,829
1,805
1,540
1,689
63
1,584
1,345
1,344
58
1,014
1,073
1,071
970
195
200
190
164
170
150
134
125
106
86
122
88
198
$990K
$993K
$988K
$978K
$964K
$967K
$953K
$960K
$947K
$935K
$925K
$927K
$880K
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
200
24+
22.0
150
15.8
100
10.9
9.4
8.4
7.4
50
4.6
4.4
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
5 37 7.4
21 92 4.4
37 172 4.6
22 185 8.4
18 170 9.4
5 110 22.0
8 87 10.9
5 79 15.8
0 48 n/a
1 91 91.0
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. 5 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online