central okanagan TOWNHOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 7.5 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2023
▲ 38% VS 2023
▼ 4% VS 2023
▼ 3% VS 2023
There were 385 townhome listings in the Central Okanagan in November, 9% below October and 13% higher than November 2023. November townhome sales decreased by 7% month-over-month, to 51, and were 38% above November 2023. The months of inventory for townhomes in the Central Okanagan, at 7.5, reflected a balanced market. The townhome median price in November was $640,000, a 7% decrease from October and 3% below November 2023. The average sold price was $672,890, 5% below last month; the average PSF sale price was $427, up 2.0% 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
$427 $672,890 $640,000 7.5 51 385
$414 $704,523 $660,000 9.2 37 340
3% -4% -3% -18% 38% 13%
$419 $710,340 $685,000 7.7 55 424
2% -5% -7% -2% -7% -9%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
53
424
458
454
452
442
372
416
385
392
45
340
335
308
40
295
77
74
65
59
55
53
40
30
28
51
37
60
46
$718K
$700K
$705K
$705K
$679K
$685K
$670K
$676K
$662K
$660K
$660K
$655K
$640K
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.
80
21.5
2
4+ bdrms
58
60
15.3
15.0
29
3 bdrms
11.3
212
40
9.3
20
5.8
2 bdrms
20
111
3.2
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 4 61 15.3 3 34 11.3 2 43 21.5 1 15 15.0 0 17 n/a 19 60 3.2 14 81 5.8 8 74 9.3
4
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. 6 ●
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