city of kelowna TOWNHOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 8.2 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2023
▲ 30% VS 2023
▼ 12% VS 2023
▼ 10% VS 2023
There were 247 townhome listings in the City of Kelowna in November, 8% below October and 10% higher than November 2023. November townhome sales decreased by 21% month-over-month, to 30, and were 30% above November 2023. The months of inventory for townhomes in the City of Kelowna, at 8.2, reflected a buyers' market. The townhome median price in November was $637,450, a 7% decrease from October and 10% below November 2023. The average sold price was $657,403, 9% below last month; the average PSF sale price was $425, up 2% 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
$425 $657,403 $637,450 8.2 30 247
$424 $746,043 $709,000 9.7 23 224
0.1% -12% -10% -15% 30% 10%
$416 $719,824 $687,450 7.1 38 268
2% -9% -7% 17% -21% -8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
56
268
264
291
289
283
247
281
51
247
263
210
224
48
217
195
60
59
39
38
34
20
18
30
45
42
42
23
27
$709K
$708K
$709K
$700K
$689K
$687K
$672K
$675K
$673K
$678K
$664K
$652K
$637K
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.
50
24+
4+ bdrms
35
40
17
30
3 bdrms
13.3
12.8
144
10.0
20
13
5.4
2 bdrms
65
10
3.1
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 51 12.8 3 40 13.3 0 22 n/a 1 29 29.0 1 10 10.0 0 9 n/a 12 37 3.1 9 49 5.4
3
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. 9 ●
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