the kelowna rennie review | December 2024

north glenmore/wilden/mckinley landing DETACHED - NOVEMBER 2 0 2 4

MONTHS OF INVENTORY 8.1 BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 17% VS 2023

▲ 14% VS 2023

▲ 35% VS 2023

▼ 35% VS 2023

There were 89 detached listings in North Glenmore/Wilden/Mckinley Landing in November, 9% below October and 35% higher than November 2023. November detached home sales decreased by 45% month-over-month, to 11, and were 35% below November 2023. The months of inventory for detached in North Glenmore/Wilden/Mckinley Landing, at 8.1, reflected a buyers' market. The detached median price in November was $979,000, a 16% decrease from October and 14% above November 2023. The average sold price was $1,142,364, 19% below last month and up 17% 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

11 89

17 66

108% -35% 35%

20 98

-19% -16% 65% -45% -9%

$1,142,364 $979,000 8.1

$1,404,325 $1,160,000 4.9

$976,259 $860,000 3.9

17% 14%

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

52

107

118

101

115

110

88

98

89

42

74

38

66

57

54

53

20

14

14

13

17

9

9

9

8

7

6

11

13

$1.20M $1.17M $1.19M $1.23M

$1.16M

$1.11M $1.05M $1.03M

$1.04M

$979K

$960K

$929K

$860K

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

20

15.0

15

10

6.0

6.0

6.0

5

1.7

0

N/A

<$600K

$600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+

MOI INVENTORY SALES

0 1 n/a

1 6 6.0

6 10 1.7

2 12 6.0

1 15 15.0

0 20 n/a

0 7 n/a

0 8 n/a

1 6 6.0

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. 34 ●

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