kelowna south TOWNHOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 19.7 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 24% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 127% VS 2023
▼ 15% VS 2023
▼ 9% VS 2023
▼ 57% VS 2023
There were 59 townhome listings in Kelowna South in June, 23% above May and 127% higher than June 2023.
June townhome sales increased by 50% month-over-month, to 3, and were 57% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in Kelowna South, at 19.7, reflected a buyers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$361 $709,000 $732,000 19.7 3 59
$478 $834,357 $800,000 3.7 7 26
-24% -15% -9% 429% -57% 127%
$448 $842,000 $842,000 24.0 2 48
-19% -16% -13% -18% 50% 23%
The townhome median price in June was $732,000, a 13% decrease from May and 9% below June 2023. The average sold price was $709,000, 16% below last month; the average PSF sale price was $361, down 19% to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE 59
22
48
19
41
48
37
18
35
33
40
37
32
31
30
26
8
5
4
7
2
2
4
3
2
1
2
$1.21M
$835K
$842K
$800K
$788K
$775K
$732K
$713K
$700K
$638K
$633K
Jun-23
May-24
Jun-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.
20
5.0
1
4+ bdrms
10
15
1
3 bdrms
2.5
36
10
1
2 bdrms
5
13
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
0 2 n/a
1 5 5.0
2 5 2.5
0 20 n/a
0 16 n/a
0 6 n/a
0 2 n/a
0 3 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. 28 ●
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