city of kelowna TOWNHOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 6.5 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▲ 73% VS 2023
▼ 6% VS 2023
▼ 27% VS 2023
There were 293 townhome listings in the City of Kelowna in June, 10% above May and 73% higher than June 2023. June townhome sales decreased by 24% month-over-month, to 45, and were 27% below June 2023. The months of inventory for townhomes in the City of Kelowna, at 6.5, reflected a balanced market. The townhome median price in June was $697,000, a 0.4% decrease from May and 4% above June 2023. The average sold price was $680,880, 6% below last month; the average PSF sale price was $427, down 4% 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 $680,880 $697,000 6.5 45 293
$463 $725,769 $672,500 2.7 62 169
139% -27% 73%
$445 $725,956 $699,900 4.5 59 266
-4% -6% -0.4% 44% -24% 10%
-8% -6% 4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE 293
35
265
249
266
224
220
31
199
218
28
210
208
205
195
169
60
59
62
40
34
32
45
23
20
18
43
42
28
$722K
$710K
$709K
$708K
$700K
$697K
$675K
$673K
$665K
$671K
$672K
$664K
$652K
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.
60
24+
5
4+ bdrms
50
51
40
24
3 bdrms
168
30
20
7.3
16
2 bdrms
4.1
66
3.4
3.1
10
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 1 43 43.0 0 32 n/a 0 18 n/a 0 15 n/a 11 34 3.1 12 49 4.1 13 44 3.4 8 58 7.3
8
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. 9 ●
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