kelowna south TOWNHOME - MAY 2 0 2 4
MONTHS OF INVENTORY 24.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 17% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2023
▲ 71% VS 2023
▼ 8% VS 2023
▼ 82% VS 2023
There were 48 townhome listings in Kelowna South in May, no change to April and 71% higher than May 2023.
May townhome sales decreased by 75% month-over-month, to 2, and were 82% below May 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in Kelowna South, at 24.0, reflected a buyers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$448 $842,000 $842,000 24.0 2 48
11 28
-17% -8% 5% 843% -82% 71%
$468 $683,500 $632,500 6.0 8 48
-4% 23% 33% 300% -75% 0%
The townhome median price in May was $842,000, a 33% increase from April and 5% above May 2023. The average sold price was $842,000, 23% above last month; the average PSF sale price was $448, down 4% to last month.
$537 $913,809 $799,900 2.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
48
66
48
41
37
35
40
33
37
32
28
31
30
26
11
8
5
4
30
2
7
4
2
1
2
2
$1.21M
18
$835K
$842K
$800K
$800K
$788K
$775K
$713K
$700K
$638K
$633K
May-23
Apr-24
May-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.
16
12.0
14
4+ bdrms
7
12
10
1
3 bdrms
8
27
5.0
6
1
4
2 bdrms
14
2
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 12 12.0 0 15 n/a 0 4 n/a 0 3 n/a 0 3 n/a 0 1 n/a 0 5 n/a 1 5 5.0
Copyright © June 10, 2024 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 June 10, 2024. 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. 28 ●
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