kelowna north CONDO - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 10.4 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 25% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 2% VS 2023
▲ 9% VS 2023
▲ 2% VS 2023
▲ 55% VS 2023
There were 177 condo listings in Kelowna North in November, 1.7% above October and 2% higher than November 2023. November condo sales increased by 21% month-over-month, to 17, and were 55% above November 2023. The months of inventory for condos in Kelowna North, at 10.4, reflected a buyers' market. The condo median price in November was $477,500, a 14% decrease from October and 9% above November 2023. The average sold price was $527,741, 11% below last month; the average PSF sale price was $663, up 13% 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
$663 $527,741 $477,500 10.4 17 177
$529 $515,364 $440,000 15.7 11 173
25% 2% 9% -34% 55% 2%
$584 $591,536 $552,500 12.4 14 174
13% -11% -14% -16% 21% 1.7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
202
208
195
91
174
173
171
191
177
185
179
166
144
127
55
49
32
28
18
16
15
14
12
10
8
5
17
11
23
$600K
$580K
$570K
$553K
$517K
$520K
$522K
$520K
$515K
$485K
$478K
$440K
$433K
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.
60
19.0
4+ bdrms
50
1
40
2
3 bdrms
30
23
7.3
20
5.0
6
2 bdrms
103
2.4
10
0
9
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 0 4 n/a 7 17 2.4 8 58 7.3 0 47 n/a 0 24 n/a 1 5 5.0 0 3 n/a 1 19 19.0
<2 bdrms
50
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. 26 ●
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