city of kelowna TOWNHOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 7.8 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.0% VS 2023
▲ 9% VS 2023
▲ 20% VS 2023
▼ 11% VS 2023
There were 186 townhome listings in the City of Kelowna in December, 25% below November and 11% lower than December 2023. December townhome sales decreased by 20% month-over-month, to 24, and were 20% above December 2023. The months of inventory for townhomes in the City of Kelowna, at 7.8, re&ected a balanced market. The townhome median price in December was $729,000, a 14% increase from November and 9% above December 2023. The average sold price was $723,484, 10% above last month; the average PSF sale price was $435, up 2% 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
$435 $723,484 $729,000 7.8 24 186
$404 $716,525 $671,500 10.5 20 210
8% 1% 9% -26% 20% -11%
$425 $657,403 $637,450 8.3 30 248
2% 10% 14% -6% -20% -25%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
58
268
264
291
289
283
248
247
281
55
263
51
210
217
195
186
60
59
39
38
34
18
45
42
42
24
20
27
30
$729K
$708K
$709K
$700K
$689K
$687K
$672K
$675K
$673K
$678K
$664K
$652K
$637K
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.
40
13.0
4
4+ bdrms
29
10.7
30
15
7.8
3 bdrms
112
20
6.0
3.4
5
3.0
2 bdrms
10
42
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 8 27 3.4 3 39 13.0 5 39 7.8 3 32 10.7 4 12 3.0 0 23 n/a 1 6 6.0 0 8 n/a
3
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. 9 ●
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