kelowna north DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 7.5 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 25% VS 2023
▲ 25% VS 2023
▲ 14% VS 2023
▼ 17% VS 2023
There were 60 detached listings in Kelowna North in June, no change to May and 25% higher than June 2023.
June detached home sales increased by 167% month-over-month, to 8, and were 14% above June 2023.
THIS MONTH No. $1,002,188 $939,250 7.5 8 60
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Kelowna North, at 7.5, reflected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,206,857 $750,000 6.9 7 48
-17% 25% 9% 14% 25%
$1,972,967 $2,194,000 20.0 3 60
-49% -57% -63% 167% 0%
The detached median price in June was $939,250, a 56% decrease from May and 25% above June 2023.
The average sold price was $1,002,188, 49% below last month and down 17% to June 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
60
53
54
60
51
49
48
44
43
46
45
31
29
25
27
8
4
4
7
3
3
3
3
1
1
1
1
18
$2.72M
$2.19M
$1.13M
$1.02M $1.18M
$939K
$856K
$799K
$750K
$750K
$728K
$695K
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
11.0
20
8.0
15
10
3.5
3.0
5
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
1 0 n/a
2 7 3.5
1 11 11.0
3 24 8.0
0 11 n/a
0 3 n/a
1 3 3.0
0 1 n/a
Copyright © July 8, 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 July 8, 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. 24 ●
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