west kelowna DETACHED - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 9.8 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2022
▲ 21% VS 2022
▼ 11% VS 2022
▼ 13% VS 2022
There were 206 detached listings in West Kelowna in December, 24% below November and 21% higher than December 2022. December detached home sales decreased by 22% month-over-month, to 21, and were 13% below December 2022. The months of inventory for detached in West Kelowna, at 9.8, reflected a buyers' market. The detached median price in December was $820,000, a 4% decrease from November and 11% below December 2022. The average sold price was $965,363, 6% below last month and up 6% to December 2022.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$965,363 $820,000 9.8 21 206
$908,652 $921,250 708% 24 170
6% -11% 38% -13% 21%
$1,027,037 $850,000 10.0 27 270
-6% -4% -1.9% -22% -24%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
298
314
295
52
270
292
289
266
222
243
206
170
186
169
35
35
64
63
62
56
34
31
27
20
24
43
21
33
31
$970K
$945K
$945K
$950K
$921K
$900K
$891K
$885K
$855K
$850K
$820K
$800K
$785K
Dec-22
Nov-23
Dec-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
50
11.0
11.0
40
30
6.4
6.0
20
3.4
3.0
10
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
1 3 3.0
7 24 3.4
8 51 6.4
3 33 11.0
0 39 n/a
0 9 n/a
1 11 11.0
0 15 n/a
1 6 6.0
0 15 n/a
Copyright © January 22, 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 January 22, 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. 14 ●
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