city of west kelowna CONDO - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 14.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 19% VS 2023
▲ 47% VS 2023
▼ 3% VS 2023
▼ 27% VS 2023
There were 116 condo listings in the City of West Kelowna in November, 0.9% above October and 47% higher than November 2023. November condo sales decreased by 50% month-over-month, to 8, and were 27% below November 2023. The months of inventory for condos in the City of West Kelowna, at 14.5, reflected a buyers' market. The condo median price in November was $416,000, a 1.5% increase from October and 3% below November 2023. The average sold price was $520,663, 23% above last month; the average PSF sale price was $467, up 0.8% 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
$467 $520,663 $416,000 14.5 8 116
11 79
102% -27% 47%
$463 $422,913 $410,000 7.2 16 115
0.8% 23% 1.5% 102% -50% 0.9%
$441 $438,590 $430,000 7.2
6% 19% -3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE 116 115
62
97
97
90
55
55
83
77
79
80
80
80
68
66
20
16
16
9
9
8
7
7
5
11
8
13
11
$582K
$467K
$465K
$455K
$439K
$440K
$430K
$433K
$416K
$410K
$410K
$400K
$350K
Nov-23
Oct-24
Nov-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.
24+
60
4+ bdrms
50
40
1
3 bdrms
4
30
20
7
5.8
2 bdrms
81
10
2.0
0
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 4 23 5.8 2 62 31.0 0 27 n/a 2 4 2.0
<2 bdrms
31
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. 13 ●
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