the kelowna rennie advance | January 2025

highlights • O n am onth-over-m onth basis,m edian sold pricesin theCentralO kanagan (averaged acros hom e types)wereup 0.8%.Them edian sold pricefordetached hom eswasup them ostat5% (to$975k), folowed bya1.6% increasefortownhom es(to$650k).In contrast,m edian condopricesfel by4% (to$432k). • O n ayear-over-yearbasis,m edian sold pricesw ereup 1.2% (averaged acros hom etypes).M edian condopriceswereup 0.5%,detached hom epriceswereup 3.3%,and townhom epriceswereflat. •

CENTRALOKANAGAN THERENNIEADVANCE median prices

DECEMBER 2024

$1,200,000

Central Okanagan

$1,000,000

$975,000

$800,000

$600,000

+ 3.3% vsD ec2023

$400,000

DETACHED median salesprice

$200,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● December

$1,000,000

Central Okanagan

$800,000

$600,000

$650,000

$400,000

- vsD ec2023

TOWNHOME median salesprice

$200,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● December

$600,000

Central Okanagan

$500,000

$400,000

$432,000

$300,000

- vsD ec2023

$200,000

CONDO median salesprice

$100,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● December

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