city of west kelowna DETACHED - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 10.8 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2023
▼ 6% VS 2023
▼ 7% VS 2023
0.0% VS 2023
There were 269 detached listings in the City of West Kelowna in November, 19% below October and no change to November 2023. November detached home sales decreased by 38% month-over-month, to 25, and were 7% below November 2023. The months of inventory for detached in the City of West Kelowna, at 10.8, reflected a buyers' market. The detached median price in November was $940,000, a 5% increase from October and 11% above November 2023. The average sold price was $966,060, 6% above last month and down 6% to November 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$966,060 $940,000 10.8 25 269
$1,027,037 $850,000 10.0 27 269
-6% 11% 8% -7% 0%
$912,505 $895,000 8.3 40 332
6% 5% 30% -38% -19%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
65
387
427
414
344
387
332
383
293
269
50
269
230
205
205
35
61
60
47
45
40
36
29
25
21
18
27
52
25
$940K
$932K
$910K
$893K
$895K
$880K
$870K
$875K
$859K
$850K
$850K
$820K
$815K
Nov-23
Oct-24
Nov-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
100
19.5
80
60
11.5
40
6.6
20
0
<$1.0M
$1.0M-$1.4M $1.5M-$1.99M $2.0M-2.24M $2.5M-2.99M $3.0M-3.49M $3.5M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
15 99 6.6
8 92 11.5
2 39 19.5
0 15 n/a
0 10 n/a
0 2 n/a
0 5 n/a
0 3 n/a
0 4 n/a
Copyright © 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 December 9, 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. 11 ●
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