west kelowna TOWNHOME - OCTOBER 2 0 2 3
MONTHS OF INVENTORY 10.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.4% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▼ 3% VS 2022
▼ 14% VS 2022
▼ 46% VS 2022
There were 72 townhome listings in West Kelowna in October, 9% below September and 14% lower than October 2022. October townhome sales decreased by 13% month-over-month, to 7, and were 46% below October 2022. The months of inventory for townhomes in West Kelowna, at 10.3, reflected a buyers' market. The townhome median price in October was $660,000, a 8% increase from September and 3% below October 2022. The average sold price was $698,929, 18% above last month; the average PSF sale price was $391, down 8% 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
$391 $698,929 $660,000 10.3 7 72
13 84
-1.4% 4% -3% 59% -46% -14%
$423 $593,125 $612,500 9.9 8 79
-8% 18% 8% 4% -13% -9%
$396 $668,923 $680,000 646%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
84
79
64
71
71
69
72
65
72
59
50
58
58
29
25
33
34
34
15
10
13
6
5
5
15
13
12
7
8
$757K
$760K
$738K
$723K
$700K
$685K
$680K
$670K
$655K
$660K
$613K
$595K
$560K
Oct-22
Sep-23
Oct-23
▶ 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.
1
20
22.0
4+ bdrms
17
15
4
15.0
3 bdrms
24
10
2
2 bdrms
5
4.0
30
3.7
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 1 15 15.0 3 11 3.7 1 22 22.0 2 8 4.0 0 7 n/a 0 4 n/a 0 1 n/a 0 4 n/a
1
Copyright © November 3, 2023 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 November 3, 2023. 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. 15 ●
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