highlights • O n am onth-over-m onth basis,theCentralO kanagan saw an increasein m edian sold pricesof8% (averaged acros hom etypes).Each hom etype’sm edian sold priceincreased in O ctoberversus Septem ber:fordetached hom esthem edian sold pricewasup 8%,fortownhom esitwasup 10%, andforcondositwasup6%. • O n ayear-over-yearbasis,m edian sold priceswerehigherby3% ,on average,acros types.In O ctober,them edian sold pricefordetached hom eswaslowerby2% com pared tothatofO ctober 2022,whilethatoftownhom eswas8% higherand thatofcondoswas4% higher. •
CENTRALOKANAGAN THERENNIEADVANCE median prices
OCTOBER 2023
$1,200,000
Central Okanagan
$1,000,000
$910,000
$800,000
$600,000
- 2% vsOct2022
$400,000
DETACHED median salesprice
$200,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
● October
$1,000,000
Central Okanagan
$800,000
$715,000
$600,000
$400,000
+ 8% vsOct2022
TOWNHOME median salesprice
$200,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
● October
$600,000
Central Okanagan
$500,000
$488,000
$400,000
$300,000
+ 4% vsOct2022
$200,000
CONDO median salesprice
$100,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
● October
Copyright© Novem ber2,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber2,2023.Aldatafrom As ociationof InteriorREALTORS® & Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientofthe inform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom a rennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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